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Shares of MFA Financial Inc. (MFA) slumped 0.08% to $12.13 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 2.09% to 13,047.19 and the Dow Jones Industrial Average rising 1.27% to 33,761.05. The stock's fall snapped a two-day winning streak. MFA Financial Inc. closed $7.27 short of its 52-week high ($19.40), which the company achieved on September 2nd.
The stock underperformed when compared to some of its competitors Friday, as PennyMac Mortgage Investment Trust (PMT) rose 0.19% to $15.48, Invesco Mortgage Capital Inc. (IVR) remained unchanged, and New York Mortgage Trust Inc. (NYMT) rose 1.32% to $3.06. Trading volume (936,282) remained 713,654 below its 50-day average volume of 1.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 12, 2022.
(END) Dow Jones Newswires
August 12, 2022 17:07 ET (21:07 GMT)
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