New York, NY -- (SBWIRE) -- 01/03/2013 -- MGIC Investment Corp. (NYSE:MTG) 2.98 +0.32 (12.03%).
WSJ states - The fiscal cliff deal left the mortgage market relatively unscathed, though "there are clouds on the horizon" as pressure to cut government spending remains, Compass Point said. The deal allows borrowers to continue deducting mortgage insurance premiums, a "meaningful win" for the housing lobby and mortgage insurers, said the firm. Shares of mortgage insurers rose, including MGIC Investment Corp. and Radian Group Inc.
MGIC Investment Corporation (MGIC) is a holding company and through wholly owned subsidiaries is a private mortgage insurer in the United States. As of December 31, 2011, the Company’s principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), was licensed in all 50 states of the United States, the District of Columbia, Puerto Rico and Guam.
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Dendreon Corporation (NASDAQ:DNDN) 5.82 +0.53 (10.02%) Among the unusual moversDNDN shares moved up during trading session after the news that it lately sold another manufacturing plant in Morris Plains, N.J. to Novartis Pharmaceuticals Corp. in a bid of $43 million on Monday. Dendreon Corporation (Dendreon) is a biotechnology company focused on the discovery, development and commercialization of therapeutics that may improve cancer treatment options for patients.
Dendreon’s product portfolio includes active cellular immunotherapy and small molecule product candidates to treat a range of cancers. Dendreon manufactures Provenge, a cure for advanced prostate cancer. Dendreon Corporation is a biotechnology company focused on the discovery, development and commercialization of novel therapeutics that improve cancer treatment options for patients.
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