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Shares of MFA Financial Inc. (MFA) advanced 1.23% to $4.13 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.84% to 14,619.64 and the Dow Jones Industrial Average rising 0.97% to 35,294.19. This was the stock's second consecutive day of gains. MFA Financial Inc. closed $0.77 below its 52-week high ($4.90), which the company reached on June 9th.
The stock underperformed when compared to some of its competitors Tuesday, as PennyMac Mortgage Investment Trust (PMT) rose 1.71% to $17.20, Invesco Mortgage Capital Inc. (IVR) rose 4.50% to $2.32, and New York Mortgage Trust Inc. (NYMT) rose 1.37% to $3.70. Trading volume (3.4 M) remained 769,348 below its 50-day average volume of 4.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 29, 2022.
(END) Dow Jones Newswires
March 29, 2022 17:07 ET (21:07 GMT)
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