MGIC finished the day up over 5% from its previous close, while Radian was up 1.43%. Trading in both was heavy as MGIC had 8.4 million shares change hands, more than double its three month average volume, while Radian had 6.5 million shares trade, 50% above its three-month average volume. Bank of Hawaii was the third largest gainer, up 1.16%, according to Yahoo Finance.
Private mortgage insurers are still reeling with financial issues even though industry figures show strong volume for five months in a row.
At the other end of the table Ellie Mae was off 2.97%, while Ocwen was off 2.95%. PHH was down 1.59%, while homebuilder Kaufman and Broad was off 1.23%. The Dow Jones Industrial Average finished the day down 21 points.