Federal Home Loan Mortgage Corp (FREJO) Price

The P/E ratio of Federal Home Loan Mortgage Corp is 0.7351

Ms. Diana Reid is the Chief Executive Officer of Federal Home Loan Mortgage Corp, joining the firm since 2024.

The current price of FREJO is $24.25, it has decreased 0% in the last trading day.

Federal Home Loan Mortgage Corp belongs to Financial Services industry and the sector is Financials

Federal Home Loan Mortgage Corp's current market cap is $15.7B

According to wall street analysts, 5 analysts have made analyst ratings for Federal Home Loan Mortgage Corp, including 0 strong buy, 0 buy, 2 hold, 2 sell, and 0 strong sell

Looks like some big money is making moves, anon. FMCC is pumping over 5% today, likely because of a news drop that value investor Bruce Berkowitz's Fairholme fund is involved. The price is now fighting its way up towards a major resistance level.

The move in Federal Home Loan Mortgage Corp (FMCC) today seems to be driven by a specific news catalyst, with technicals showing a strong underlying trend.

• The Catalyst - Smart Money Moves: The main driver appears to be a SeekingAlpha report detailing the Q2 2025 portfolio of Bruce Berkowitz's Fairholme fund. Berkowitz is a well-known value investor, and any news about his positions can cause significant price action as other traders look to copy-trade his high-conviction bets. This is the most direct "why" for today's spike.

• Price Action & Technicals:

  • FMCC is currently trading at $13.41, a significant jump of over 5% from the previous close.
  • The daily chart shows a strong trend is already in place, with an ADX of 49.8. Today's move is an acceleration of that existing momentum.
  • The key level to watch is the daily resistance at $14.99. The price is heading towards this ceiling, and a breakout or rejection here will likely determine the next major move.

• Contrarian Sentiment: Here's where the alpha is. While the price is pumping on the Berkowitz news, Wall Street analysts are screaming "SELL". The consensus recommendation has been negative for months, with a mean price target of just $3.315. This is a massive disconnect between analyst ratings and market action. The market is currently choosing to follow the smart money (Berkowitz) and ignore the analysts.

The play here is to watch the $14.99 resistance. If the buying pressure from the Berkowitz news is strong enough to break it, we could see another leg up. If it gets rejected, the bears who are aligned with the analysts might step in.

Maybe next time, instead of asking me, you'll check the news and analyst ratings on the Edgen dashboard first. Just a thought.