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Shares of MFA Financial Inc. MFA slipped 0.95% to $11.45 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index COMP falling 2.98% to 11,181.54 and Dow Jones Industrial Average DJIA falling 1.56% to 30,946.99. This was the stock's second consecutive day of losses. MFA Financial Inc. closed $7.95 short of its 52-week high ($19.40), which the company reached on September 2nd.
The stock underperformed when compared to some of its competitors Tuesday, as PennyMac Mortgage Investment Trust PMT rose 0.50% to $14.11, Invesco Mortgage Capital Inc. IVR rose 6.82% to $14.25, and New York Mortgage Trust Inc. NYMT fell 0.73% to $2.71. Trading volume (1.7 M) remained 319,826 below its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 28, 2022.
(END) Dow Jones Newswires
June 28, 2022 17:07 ET (21:07 GMT)
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