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Shares of MFA Financial Inc. (MFA) shed 4.83% to $12.03 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.41% to 12,720.58 and the Dow Jones Industrial Average falling 0.26% to 32,726.82. This was the stock's third consecutive day of losses. MFA Financial Inc. closed $7.37 below its 52-week high ($19.40), which the company reached on September 2nd.
The stock underperformed when compared to some of its competitors Thursday, as PennyMac Mortgage Investment Trust (PMT) rose 0.40% to $15.20, Invesco Mortgage Capital Inc. (IVR) fell 4.09% to $16.41, and New York Mortgage Trust Inc. (NYMT) fell 4.17% to $2.99. Trading volume (2.9 M) eclipsed its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 4, 2022.
(END) Dow Jones Newswires
August 04, 2022 17:07 ET (21:07 GMT)
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