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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).

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FED AGRIC MTG-C (AGM): Get Free Report

ESSENT GROUP (ESNT): Free Stock Analysis Report

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JAVELIN MTGE (JMI): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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