Trade-Ideas: MGIC Investment (MTG) Is Today's

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Trade-Ideas LLC identified MGIC Investment ( MTG) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified MGIC Investment as such a stock due to the following factors:

  • MTG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $70.3 million.
  • MTG has traded 75,602 shares today.
  • MTG is up 3.9% today.
  • MTG was down 9.5% yesterday.

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More details on MTG:

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. MTG has a PE ratio of 30.3. Currently there are 4 analysts that rate MGIC Investment a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for MGIC Investment has been 5.4 million shares per day over the past 30 days. MGIC Investment has a market cap of $3.1 billion and is part of the financial sector and insurance industry. The stock has a beta of 3.77 and a short float of 13.6% with 5.16 days to cover. Shares are up 9.5% year-to-date as of the close of trading on Thursday.

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