Stock Alert: MGIC Investment Climbs 8%

By RTTNews Staff Writer   ✉   | Published:

Shares of MGIC Investment Corp. (MTG) are rising more than 8 percent or $0.80 in Wednesday's morning trade at $10.73 despite no company-centric news that could move the stock.

U.S. stocks are rising on Wednesday after U.S. President Donald Trump urged Congress to approve airline payroll support and other stimulus.

Wisconsin-based MGIC Investment is a provider of private mortgage insurance and other mortgage credit risk management solutions to lenders and government sponsored entities.

MGIC Investment has traded in a range of $4.34 to $15.24 in the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Disney Splits Media And Entertainment Businesses To Accelerate DTC Strategy
Walt Disney Co. is reorganizing its media and entertainment businesses aiming to accelerate its direct-to-consumer or DTC strategy following the significant success of its streaming service Disney+. In a statement, the company stated that its media and entertainment businesses will be separated into creative engines, as well as Media and Entertainment Distribution Group.
J&J Pauses Late-stage COVID-19 Vaccine Trial On Unexplained Illness
Johnson & Johnson (JNJ) has paused the phase III study of its COVID-19 vaccine candidate, JNJ-78436735, due to an unexplained illness in a study participant, Stat News reported, citing a document sent to outside researchers running the 60,000-patient clinical trial.
Twitter Takes Additional Steps To Prevent Interference In US Election
Twitter has taken additional steps to prevent any manipulation or interference in the upcoming U.S. Elections or other civic processes through misleading Tweets. It announced significant product and enforcement updates to enable the smooth conduct of the democratic process. The social media platform has recently expanded its civic integrity policy to address misleading information.