Radian Group Inc., the Philadelphia-based mortgage insurer, came out of the President’s Day holiday strong, as its stock set a new 52-week high in Tuesday trading. It closed up 4.69% to $7.59 per share, leading all Mortgage Industry Equity Composite stocks.
Both the Dow Jones Industrial Average and the S&P 500 reached their highest point in five years.
Only four MIEC members closed down compared to last Friday, with the biggest percentage loss coming from Radian’s competitor MGIC, down 1.5%.
Also down was Fidelity National Financial, off 1.01% as investors waiting for the company’s results to be released after the closing bell; Redwood Trust, down 0.59%; and PennyMac, down 0.12%.
Among the top gainers were Dime Community, up 2.14%, and CoreLogic, up 1.68%.