Ellie Rebounds on Friday After Results Known

Investors were a lot happier with Ellie Mae once they learned about the company’s results and management change.

The stock, at one point up $2.87 per share over its Thursday close, finished Friday up 4.17% or $0.87.

Ellie Mae was followed among Mortgage Industry Equity Composite stocks by OceanFirst Financial, up 1.04%, and Fiserv, up 0.89%.

There were eight stocks which closed lower, led by MGIC, down 3.26%, KB Home, down 1.38, and Fidelity National Financial, down 1.11%.