Posts
Continue misfortunes befall Fannie Mae (FNA) and Freddie Mac (FNE)
The two largest mortgage finance companies in the United States (U.S.) must lift the foot aka delisted from the New York Stock Exchange (NYSE). These two companies share listing on the stock because the price was written off and falling below the threshold of a minimum price of USS $ 1 per share during the 30 day trading stock.Convey this decision in the Federal Housing Finance Agency (FHFA), a few days ago. Earlier, shares of Fannie Mae and Freddie Mac have also lift other leg of the stock market since September 2008. Subsequently, these shares are traded on the OTC (Over-the-counter). "Order is not related to delisting the company performance," said FHFA director Edward DeMarco.
Actually, both companies can also avoid the delisting of its stock price as long as it can improve, but DeMarco consider a voluntary delisting more reasonable and in accordance with the purpose of FHFA.
0 komentar:
Post a Comment
Please comment to the articles on the blog all about business, investing and trading