DJ MFA Financial Inc. Stock Rises Friday, Still Underperforms Market
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Shares of MFA Financial Inc. (MFA) inched 0.37% higher to $10.95 Friday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.99% to 16,156.33 and the Dow Jones Industrial Average rising 1.18% to 38,675.68.
This was the stock's third consecutive day of gains.
MFA Financial Inc. closed $0.95 below its 52-week high ($11.90), which the company achieved on December 26th.
The stock underperformed when compared to some of its competitors Friday, as PennyMac Mortgage Investment Trust $(PMT)$ rose 1.38% to $14.70, Invesco Mortgage Capital Inc. $(IVR)$ rose 1.00% to $9.11, and AGNC Investment Corp. $(AGNC)$ rose 1.08% to $9.40.
Trading volume (863,361) eclipsed its 50-day average volume of 650,147.
Data source: Dow Jones Market Data, FactSet. Data compiled May 3, 2024.
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May 03, 2024 17:31 ET (21:31 GMT)
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