MFA Financial Inc. Stock Falls Thursday, Underperforms Market
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Shares of MFA Financial Inc. (MFA) dropped 0.47% to $4.21 Thursday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.33% to 13,614.78 and the Dow Jones Industrial Average rising 1.23% to 34,480.76. The stock's fall snapped a four-day winning streak. MFA Financial Inc. closed $0.69 short of its 52-week high ($4.90), which the company reached on June 9th.
The stock underperformed when compared to some of its competitors Thursday, as PennyMac Mortgage Investment Trust (PMT) rose 0.74% to $16.38, Invesco Mortgage Capital Inc. (IVR) fell 0.45% to $2.21, and New York Mortgage Trust Inc. (NYMT) remained unchanged. Trading volume (2.5 M) remained 1.5 million below its 50-day average volume of 4.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2022.
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March 17, 2022 17:08 ET (21:08 GMT)
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