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Shares of MFA Financial Inc. MFA slid 3.87% to $12.66 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP falling 0.16% to 12,348.76 and Dow Jones Industrial Average DJIA falling 1.23% to 32,396.17. The stock's fall snapped a six-day winning streak. MFA Financial Inc. closed $6.74 below 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 fell 3.87% to $14.91, Invesco Mortgage Capital Inc. IVR fell 3.51% to $17.04, and New York Mortgage Trust Inc. NYMT fell 2.51% to $3.11. Trading volume (1.5 M) remained 150,528 below its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 2, 2022.
(END) Dow Jones Newswires
August 02, 2022 17:07 ET (21:07 GMT)
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