Freddie posts another loss, will slash dividend (Reuters) Posted on August 6th
Freddie Mac shares closed Tuesday at $8.04, up 6.9 percent
on the session amid the biggest one-day gain for the benchmark
Standard & Poor’s 500 (.SPX) in four months. While the stock
has more than doubled from its early-July low of $3.89, it
remains nearly 90 percent below its 52-week high of $66.65 set
last August.
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