Up and Down: Fannie and Freddie

The S&P 500 fell into bear territory last week, falling 1.9 percent, while the Post-Bloomberg index fell 1.3 percent.





*No prizes for guessing who the two biggest losers were last week. Freddie Mac (FRE) shares fell 47 percent, to $7.75, and Fannie Mae (FNM) shares fell 45 percent, to $10.25. They also topped the list of three-month losers, with Freddie shares down 67 percent and Fannie shares 60 percent. Vanda Pharmaceuticals (VNDA) got the No. 2 spot on the list of biggest losers of the past 52 week, but Freddie was at top, with shares down 87 percent, and Fannie was at No. 3, down 84 percent.

*The rest of last week's top 10 losers are largely financial institutions: Shares of LandAmerica Financial (LFG) were down 27 percent; Virginia Commerce Bancorp (VCBI), 17 percent; Eagle Bancorp (EGBN), 14 percent; Sallie Mae (SLM), 13 percent; Legg Mason (LM), 12 percent; and Central Virginia Bankshares (CVBK), 12 percent.

LandAmerica (81 percent), Virginia Commerce (73 percent) and Sallie Mae (69 percent) all also made the list of top 10 losers for the past year. Virginia Commerce is slated to announce its second-quarter results on Thursday.



*Of course, some stocks did gain last week. Shares of Sucampo Pharmaceuticals (SCMP) gained 16 percent, closing at $10.88, and shares of Emergent BioSolutions (EBS) rose 15 percent, to $12.05. Rockville-based Emergent last week sued Protein Sciences, saying the firm engaged in fraudulent conduct during its proposed takeover by Emergent. Protein Sciences disputes the charges.

By Terri Rupar  |  July 14, 2008; 1:00 PM ET  | Category:  Wall Street
Previous: Booz Allen, Private Equity & Government Contractors | Next: Early Briefing: CareFirst Exec Has Exit Pay Halved

Comments

Please email us to report offensive comments.



Top management of these companies made a lot of money. Any way to get any of it back. Tax payer will pay again.
Christian Loriau

Posted by: Christian Loriau | July 16, 2008 12:44 AM

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company