Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Wednesday after closing mostly lower on Tuesday. The S&P 500 index dropped deeper into a bear market after hitting a fresh 2022 low. The S&P 500 is now down 24.3% from its record level in January, while the Dow is now 21.2% below its record high.
A long-standing tenet of investing holds that the greater the risk, the greater the reward. But every investor has a different tolerance for accepting risk. One measure of a stock’s risk is its beta, or how it compares with the entire stock market. A beta of 1.0 is said to be on par with the general market.
Benzinga Pro data, MFA Financial (NYSE:MFA) reported Q2 sales of $52.58 million. Earnings fell to a loss of $100.37 million, resulting in a 21.06% decrease from last quarter.
RBC Capital has decided to maintain its Sector Perform rating of MFA Finl (NYSE:MFA) and lower its price target from $15.00 to $13.00.
Shares of MFA Finl are trading down 2.06% over the last 24 hours, at $11.88 per share.
Over the past 3 months, 7 analysts have published their opinion on MFA Finl (NYSE:MFA) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
A stock split's main purpose is to make a company's shares more appealing to potential investors. By raising the number of outstanding shares, it improves a company's liquidity. Stock splits do not change the market value of a corporation; rather, they are a reassignment of share value by increasing the number of shares.