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MGIC Investment Corp. (NYSE:MTG) stock was under investors’ attention during Wednesday trading session as it surged more than 11% ahead of the opening bell on Tuesday, with shares starting the session at $4.76.
The recent rally in stock price was a result of the Company getting an upgrade rating from Barclays. Barclay's upgraded the firm (MTG) to "overweight" from "underweight."
Barclay's expert Mark DeVries lifted his price target from $1 to $8. MGIC stock ended on Tuesday with rallies of more than 27% and touched a new 52-week high of $5.37.
What was MTG’s stock performance on Wednesday session? Find in this report
MGIC Investment Corp.(NYSE:MTG) again was under spotlight on Wednesday session as the stock was trading above 13% after a robust rally on Tuesday.
The stock opened the session at $5.87 and recently was seen hanging around $6.07 in early trading hours of the session.
How JC Penney gained investors’ confidence on Wednesday trading session? Find out here
J. C. Penney Company, Inc. (NYSE:JCP) shares plunged to a new 52-week low of $14.92 on Tuesday trading session in intra-day trading.
Department store Macy's is suing Martha Stewart and her firm together with rival JC Penney (NYSE:JCP) for violation of contract for selling a JC Penney line.
On Tuesday, Martha Stewart testified in court to explain why her contract to sell product at JC Penney (JCP) does not violate her present Macy's contract.
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