Is FMCC a penny stock?
Federal Home Loan Mortgage Corporation (FMCC) common stock traditionally trades at a low per-share dollar amount, placing it technically in the category of a penny stock based purely on its share price. However, unlike small micro-cap companies, it boasts a multi-billion-dollar market capitalization and represents one of the largest mortgage finance entities in the world. Its depressed share price is a direct result of its ongoing federal conservatorship status, regulatory ownership restrictions, and restrictions on common dividend distributions since the 2008 financial crisis.
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