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Pops And Drops With SP500 Hovering Around 1000
Posted by Stock Online Trader on August 5, 2009 in Market News
Radian Group Inc. (RDN, $5.31, +$1.64, +44.68%) reported Wednesday that lower claims and hedging gains pushed the mortgage insurer to a second-quarter profit. Shares surged and pulled up other mortgage insurers as Radian said it expects mortgage insurance claims for the year to be lower than expected. MGIC Investment Corp. (MTG, $7.86, +$0.71, +9.93%) and [...]