OTC Stock Picks is engaged in providing the most up to date and useful information on Hot Penny Stocks poised to breakout. Our newsletter alerts the market with picks that Wall Street stock traders have ignored or haven't found out about yet. These are the awesome penny stocks that the 'underground penny stock experts' brag about in our penny stock blogs. Here are some hot movers of the previous trade which reported a gain and showed active momentum. MBIA Inc. (NYSE:MBI), Radian Group Inc (NYSE:RDN) and MGIC Investment Corp. (NYSE:MTG) are in the news.
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MBIA Inc. (NYSE:MBI) shares soared after the news announcement that the company has won the lawsuit against Bank of America. The company's shares went up massively 23.96% after the news report and it traded with the volume of 28.50 million shares, which is up from the average trading volume of 3.17 million shares.
Stock's closing price for the day was $12.78 after opening its shares at $10.35, while it hit its 52 week high price of $12.93. Stocks beta value stands at 2.36 points and its price to earnings ratio is 2.02.
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Radian Group Inc (NYSE:RDN) was also among the sharp gainers of the day, as its shares jumped 7.63% after opening at the price of $9.56. Stocks closing price for the day was $9.87 while its total traded volume for the day was 25.56 million shares, along with the average trading volume of 8.52 million shares. The Company's total outstanding shares are 133.74 million and it has a total market capitalization of 1.32 billion.
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Radian Group Inc (NYSE:RDN) is offering 39.1 million shares of common stock publicly and $400 million principal amount of convertible senior notes, which are due in 2019.
Another pick for the day is MGIC Investment Corp. (NYSE:MTG), who reported a gain of 10.29% after opening at the price of $4.05. Shares closing price for the day was $4.18 and its total traded volume for the day was 45.10 million shares, much better than its usual trading volume of 7.21 million shares.
To Get Free Trend Analysis Report on MTG Click Here: http://otcstockpicks.net/
During the previous three months the company traded up and scored more than 116% and in the last one month's trading it went up more than 48%.
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