Federal National Mortgage Association 8.25% Pref Shs Series S (OTCMKTS: FNMAS) slumped 62.39% yesterday and closed at $2.52 after Supreme Court’s ruling of replacing its present head, Mark Calabria with the Biden administration. The court said that the present structure of Fannie Mae is not clearly accountable. The court ruling was a sharp blow to the investors.
Another bearish stock- Labor Smart Inc (OTCMKTS: LTNC)
LTNC is another bearish stock we’re talking about. It dropped 23.81% and was trading at 0.011 on Wednesday at the call of bells. Over the previous month, this stock has tanked 62.67%, and the investors still do not know where exactly is its bottom! Earlier this month, the company had tweeted that it is ready to accept offers for ‘Labor Smart,’ its registered trademark. This could possibly be the reason for the stock showing a downtrend since a month.
Nintendo 8 ADR Representing Ord Shs (OTCMKTS: NTDOY) switch game download glitch fixed
Nintendo degraded 2.29% and closed at $72.01 yesterday. It has remained 8.36% down over previous six months and hasn’t been on the green side since. One of the renowned gaming consoles, Nintendo Switch was experiencing download glitch on June 22 after its recent update 12.0.3 firmware. The company reported the glitch, and yet the shares continued to crumble. There seems to be no vulnerable reason, but the shares have been tumbling down from a long time now.
Surging over 60% in six months
Volkswagen A G Unsponsored Represent 1 10th Sh ADR (OTCMKTS: VWAGY) was down 1.54% on Wednesday and closed at $33.87. In EPA market though, the shares soared 5.49%. The company has confirmed acquisition of a major stake in Europcar Mobility Group for expanding mobility services offerings. This potential transaction could remain attractive for the company. From the beginning of the year, until now, VWAGY has surged 62.60%.