The offering is being used to raise cash to pay for Lender Processing Services and that cheered investors. FNF closed Friday at $27.58, up 1.85% from Thursday’s $27.08. The offering was priced at $26.75 per share.
LPS, which is not in the MIEC, hit a 52-week high during the day and closed at $34.06, up 1.13%
There were 10 MIEC stocks which closed higher.
Ellie Mae was the largest gainer on Friday, up 4%. MGIC Investment Corp. had the third biggest percentage increase, up 1.1%.
There were seven MIEC stocks closing lower, led by Astoria Financial, down 1%. CoreLogic was down 0.74% and OceanFirst Financial was down 0.67%.