MGIC Stock Still Heavily Traded

MGIC Investment Corp. remained the noisiest stock among the members of the Mortgage Industry Equity Composite on Friday as more than 45.6 million shares changed hands during the day. But it closed just $0.01 down from Thursday, when it tanked after the news regarding its equity and debt offer pricing.

The stock with the biggest gain on a percentage basis was KB Home, up 2.44%, followed by Astoria Financial at 2.11% and Ellie Mae up 1.84%.

Of the six stocks in the red, Bank of America probably had some fallout over the stress test and closed down 1.55%. It was followed by PHH, down 1.52%, and Fidelity National Financial, down 0.72%.

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