What’s Happening With RSHN, FTXP, FNMA, FMCC?

Rushnet Inc (OTCMKTS: RSHN) was down 22.03% and closed at $0.0046 yesterday. Its yearly range is $0.00010 – $0.025. The market capitalization of Rushnet is 21.07M USD. There has been a sharp slump on the stock- 77.99% over the week. This is indicating a bearish trend on the stock. The company is expecting to close the buyout deal with heliosDX once it completes all audit requirements and becomes Pink on OTC. 

Foothills Exploration receives access to OTC Disclosure & News Service

Foothills Exploration Inc (OTCMKTS: FTXP) has a bullish indication and is up 26.32%. FTXP closed at $0.0024 on Wednesday. Its day range remained $0.0019 – $0.0036. At a market capitalization of 1.58M USD, Foothills Exploration announced yesterday that it received access to OTC Disclosure & News Service yesterday. The oil and gas exploration company marks this as a significant step of becoming current on OTC Pink Sheets. 

Fannie Mae and Freddie Mac tanking over 30% after court’s ruling

Federal National Mortgage Association (OTCMKTS: FNMA) tanked as much as 32.14% yesterday and closed at $1.52. Its yearly range is $1.23 – $3.25. The market capitalization of FNMA is 1.76B USD. Its P/E ratio is 157.02. Commonly called Fannie Mae, FNMA is the U.S. government sponsored organization established with a purpose of expanding secondary mortgage market. 

Federal Home Loan Mortgage Corp (OTCMKTS: FMCC) is popularly known as Freddie Mac. Its shares slumped 36.77% yesterday and closed at $1.41. Its yearly range is $1.21 – $3.08. 

The two organizations slipped on the market after the Supreme Court ruled out against its present structure, calling it unconstitutional and telling Biden administration to take over from Mark Calabria as the head. The court ruled out that the housing needed to be more transparent in terms of accountability to Oval Office. 

Leave a Reply