Freddie Mac ( FRE | Quote | Chart | News | PowerRating) closed down 9.2% at 5.89, extending a modest late pre-market decline seen after a downgrade this morning.

Keefe, Bruyette downgraded its rating on Freddie Mac to Market Perform this morning.

In the analyst-driven moves between the sessions we've tracked, including today, FRE once reversed its direction between the extended-hours session and regular trading, once extended that early move and once nearly matched its pre-market move at the regular session close.

8/7/08 Pre-Market: -0.6% at 6.40; 8/7/08 Regular Session: -9.2% at 5.89 - Keefe Bruyette cut to Market Perform.

4/8/08 Pre-Market: +2.5%; 4/8/08 Regular Session: -4.3% - Lehman ( LEH | Quote | Chart | News | PowerRating) raised stock to Overweight from Equalweight.

2/22/08 Pre-Market: down at 26.27; 2/22/08 Regular Session: -5.5% at 26.24 - Merrill Lynch ( MER | Quote | Chart | News | PowerRating) downgrade to Sell from Neutral.

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