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Ellie Mae's Stock Price Up 4% After Completing MortgageCEO Acquisition

JAN 16, 2014 4:50pm ET
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Ellie Mae stock price gained over 4% on Thursday, as the company disclosed it completed its purchase of customer relationship management platform MortgageCEO. The announcement came after the markets closed on Wednesday,

On the other hand, PHH Corp., which had been the largest gainer on Wednesday after published reports indicated someone was interested in acquiring its financing business, had the largest percentage decline among Mortgage Industry Equity Composite stocks, losing over 4% in value.

There were 12 MIEC stocks which closed lower than they did on Wednesday and five closed higher. Fidelity National Financial gained over 2%.

Radian Group, up 0.3%, reached another 52-week high during the trading day.

Dime Community closed 1.6% lower and Home Loan Servicing Solutions closed 1.5% lower.

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