PHH Corp. hit a 52-week high in trading on Monday, and closed up 5.62%, as speculation has begun on whether the hybrid mortgage company/fleet services company is headed for a break up.
The entire gain in price came late in the session after a published report said the company was looking to split operations.
Only two other Mortgage Industry Equity Composite stocks showed gains over
Meanwhile, Hudson City Bancorp closed down 2.81% on Day 7 of the government shutdown, followed by KB Home, down, 2.49%, and Ellie Mae, down 2.26%.
