Volume Spike Investor

We updated the major short interest changes on some of the most active cult stocks that are from listed penny stocks and low priced stocks based on June 15 settlement date changes from May 28.  Stock tickers are as follows: ALU, ABK, BBI, BGP, BRCD, C, DRYS, FRE, FNM, NOK, PALM, PMI, BPOP, RAD, SIRI, [...]

PMI Group Inc. (NYSE: PMI) is one of those companies which borrowers hate because they feel it is insurance on top of insurance.  Shares of PMI are soaring this morning on word that Freddie Mac (NYSE: FRE) approved the company as an Eligible Mortgage Insurer… PMAC will be able to write new mortgage insurance business [...]

These are this Wednesday’s top active stocks with moves on news or continued trends of yesterday.  We have offered price and volume data as well as added color where appropriate: American Eagle Outfitters, Inc. (NYSE: AEO) is trading higher after it announced last night that it was closing down its MARTIN+OSA concept store brand.  Shares [...]

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are playing give-back this morning after more and more pundits and reports keep calling these stocks (under government conservatorship) worthless.  The government can offer unlimited support, but that is no assurance that the stock and preferred shares won’t be wiped out. FNM lost gains seen early [...]

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are trading higher on a second day run after Uncle Sam has effectively noted limitless support for the GSEs in conservatorship.  Fannie Mae (FNM) is up 7.8% at $1.37 on 1.9 million shares and Freddie Mac (FRE) is up 6.8% at $1.71 on 981,000 shares as [...]

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) have already been covered earlier and the news is well known by now.  The U.S. Treasury has ended a cap to how much financial aid can be applied to the government sponsored entities already under conservatorship.  Effectively, the Treasury will provide capital on an as needed [...]

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are both surging this morning over reports going into the holiday weekend that the U.S. Treasury has ended a cap to how much financial aid can be applied to the government sponsored entities.  Effectively, the Treasury will provide capital on an as needed basis to both [...]

The US House of Representatives has passed the in a vote of passed 223 ‘for’ to 202 ‘against’ the passage.  What is interesting is that we are seeing a sharp run today in some of the key players, but the ‘volume spikes’ are actually more ‘price spikes’ because the volume is low: Fannie Mae (NYSE: [...]

Fannie Mae (NYSE:FNM) “broke the buck” in pre-market trading this morning after it recorded a net loss of $18.9 billion for the third quarter of 2009. Including $883 million in dividends on the senior preferred stock, the net loss attributable to common stockholders was $19.8 billion, or $3.47 per diluted share.  The company is also [...]

Freddie Mac (NYSE: FRE) disclosed in an SEC Filing this morning that its mortgage delinquencies continued to rise in September.  Both Freddie Mac Fannie Mae (NYSE: FNM) were forced into conservatorship last year by Uncle Sam, and this does not offer much hope of a charge in that status. Freddie disclosed September delinquencies on single-family [...]