MFA Financial Inc. Stock Outperforms Market Despite Losses On The Day
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Shares of MFA Financial Inc. MFA shed 0.56% to $10.75 Thursday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP falling 1.33% to 11,028.74 and Dow Jones Industrial Average DJIA falling 0.82% to 30,775.43. This was the stock's fourth consecutive day of losses. MFA Financial Inc. closed $8.65 short of its 52-week high ($19.40), which the company achieved on September 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as PennyMac Mortgage Investment Trust PMT fell 0.65% to $13.83, Invesco Mortgage Capital Inc. IVR rose 2.95% to $14.68, and New York Mortgage Trust Inc. NYMT rose 1.85% to $2.76. Trading volume (2.2 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 30, 2022.
(END) Dow Jones Newswires
June 30, 2022 17:07 ET (21:07 GMT)
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