Ellie Mae Stock Price Continues to Fall


Ellie Maes stock price continued its decline in Wednesday trading, as the company had the biggest percentage loss among Mortgage Industry Equity Composite stocks.

Ellie Mae closed down 3.94%. Since it announced its results on Oct. 31 after the market closed, the companys stock has lost $5.27 per share.

Radian, which will release its third-quarter results on Thursday, lost 2.55%. Competitor MGIC Investment Corp. ended the day down 2.52%.

On a day which the Dow Jones Industrial Average gained 128 points, nine of the 17 MIEC stocks closed lower.

A trio of banks led the MIEC gainers. Bank of Hawaii was up 1.48%, Astoria Financial was up 1.38%, and Hudson City Bancorp was up 1.01%.

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