Federal Agricultural Mortgage (AGM) Falls: Stock Goes Down 5% - Tale of the Tape
Federal Agricultural Mortgage Corp. ( AGM ) saw a big move last session, as the company's shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $31.76 to $33.00 in the past one-month time frame.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
AGM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0%.
Some better-ranked stocks in the same sector include Essent Group Ltd. ( ESNT ), Federal National Mortgage Association ( FNMA ) and JAVELIN Mortgage Investment Corp. ( JMI ). All these stocks hold a Zacks Rank #2 (Buy).