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Why AGNC Stock Was Up on Wednesday

TheMotleyFool

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Why AGNC Stock Was Up on Wednesday: https://g.foolcdn.com/editorial/images/710618/a-computer-screen-with-the-acronym-reit-in-large-letters-on-it.jpg

AGNC Investment (NASDAQ: AGNC) was up as much as 4% in morning trading on Wednesday, the day before Thanksgiving. As of 2:30 p.m. ET, the stock price was up 2.8% to $9.77 per share.

The major stock market indexes were all moving higher on Wednesday with the Nasdaq Composite leading the way, up about 96 points, or 1%, as of 2:30 p.m. ET.

It has been a difficult year for AGNC Investment, a mortgage real estate investment trust (REIT), but it got a little brighter on Wednesday on some decent industry news.

Source Fool.com

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