Technology provider Ellie Mae joins the two private mortgage insurers in the Mortgage Industry Equity Composite as the three firms with the worst stock performance on a percentage basis on Thursday.
Ellie Mae closed down 8.21% and its volume of shares traded for the day was more than double its three-month average. Radian and MGIC were down 2.08% and 2.01% respectively. MGIC had been the top gainer on Wednesday.
On the other Bank of America, Wednesday’s leading loser, was Thursday’s big gainer, up 3.06%. Other leading gainers are Redwood Trust at 2.16% and Fidelity National Financial at 1.76%.