Analysts at Zacks Investment Research upgraded shares of MFA Financial Inc. (NYSE: MFA) from Hold to Buy today. The company currently has a rating of Buy on the stock. The one-year price target of $7.58 is higher than the opening price of $7.57, resulting a fair amount of other analysts to issue statements on the stock in recent days. Looking back over the last year, MFA Financial Inc. stock has a high of $7.86. Stock prices sometimes get a bounce to the upside when analysts upgrade a stock.
U.S. stocks on Monday closed mostly flat, after trading firmly higher, in a volatile session ahead of the start of a pair of closely watched central-bank policy meetings.
The Dow Jones Industrial Average DJIA, -0.02% closed down 3.63 points at 18,120.17.
The blue-chip index had been up by as much as 131 points earlier and traded within a 162-point range.
The S&P 500 SPX, +0.00% slipped 0.04 points to close at 2,139.12, after trading within an 18-point range
Meanwhile, the Nasdaq Composite Index COMP, -0.18% declined 9.54 points, or 0.2%, to close at 5,235.03.
Earlier, the index had been up by as many as 37 points and traded with a 58-point range
Shares of MFA Financial Inc. (NYSE: MFA) opened at $7.57 yesterday trading between $7.55 and $7.58, and last traded at $7.58, which represents a spike of $0.03 over the previous closing price.
MFA Financial Inc. (NYSE: MFA) now has a market cap of 2.81B.
185,105 shares crossed the trading desk yesterday, 113 percent lower than the average, out of a total float 368,380,000. Trading volume is likely to increase in the next few days as investors often use upticks in trading volume to determine substantial volume growth or circulation by institutional investors.
As with all potential breakouts, investors watch for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these have substantial teams of analysts that investigate thousands of stocks, so it is good validation to see them buying a stock you are researching.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
With that in mind, MFA Financial Inc. (NYSE: MFA) now has a 50-day MA of $7.68 and 200-day MA of $7.22. It has traded in a 52-week range between $5.61 – 7.8600 and today’s last price is 0.04% lower than the 52 week high of $7.86.
Earnings growth is an important factor to research when buying stocks and investors look for companies that have increased their earnings by at least 25% for the past 3 years.
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