Ellie Mae’s stock price increased over 14% on Tuesday following reports in another publication that there was interest in purchasing the company.
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The mortgage technology provider does not comment on rumors, a representative of Ellie Mae says.
In August, a Bloomberg News item said Ellie Mae was
There were five other Mortgage Industry Equity Composite stocks which closed higher on the day, including KB Home, up 0.82%.
Astoria Financial closed unchanged for the second consecutive day.
On the other hand, Radian Group resumed its downward slide, losing 2.22%. Hudson City Bancorp lost 2.09% and MGIC Investment Corp. lost 2.03%.
