Ellie Mae Generates Largest Gain in MIEC
Industry technology provider Ellie Mae’s stock price increase on Wednesday was the largest among stocks in this publication’s Mortgage Industry Equity Composite.
Ellie Mae’s share price increased more than 5% on the day when the Dow eked out only a small 0.05% gain.
Other industry stocks that also did well Wednesday were mortgage insurers MGIC and Radian, which gained more than 2.8% and 2.3%, respectively.
Some stocks did move into negative territory during the day, including builder Kaufman and Broad, which was down 0.86%; industry vendor Fiserv, which was down 0.61%; and Hudson City Bancorp, which was down 0.34%.