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MGIC Investment Corporation (MTG)

Financials · mortgage insurance · NYSE

A leading provider of private mortgage insurance in the United States, offering default protection to lenders on low down payment mortgage loans.

What MGIC Investment Corporation does

MGIC Investment Corporation provides private mortgage insurance (PMI) and ancillary services to lenders and government-sponsored enterprises in the United States. Its primary subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), offers insurance coverage that protects lenders against losses from mortgage defaults on low down payment loans. The company manages its portfolio through reinsurance strategies and adheres to rigorous regulatory and eligibility requirements set by Fannie Mae and Freddie Mac.

Themes: mortgage insurance, housing finance, credit risk management, GSE housing supply chain

Fundamentals

  • Price$27.87 as of 2026-10-08 close
  • Market cap$5.7B as of 2026-07-24 (share count; price 2026-10-08)
  • 1-year return+3.3% 2025-10-08 close $26.98 → 2026-10-08 close $27.87
  • P/E8.71 as of 2026-10-08
  • Net margin+60.8% FY2025, SEC XBRL
  • ROE+14.3% FY2025, SEC XBRL
  • Debt / equity0.13 as of 2026-09-03
  • Revenue growth (YoY)-1.9% as of 2026-09-03
  • Revenue CAGR (3y)+1.1% SEC XBRL
  • Beta0.59 as of 2026-09-03
  • Last reported earnings2026-07-29 SEC EDGAR Form 8-K (Item 2.02)

Dividend: yield +2.3%; at least 1 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.

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How MTG compares in its sector

  • price-to-earnings ratiobottom 25% 513 covered Financials peers, as of 2026-10-08
  • net profit margintop 25% 344 covered Financials peers, as of 2026-09-03
  • return on equitytop 25% 559 covered Financials peers, as of 2026-09-03
  • 3-year revenue CAGRbottom 25% 347 covered Financials peers
  • indicated dividend yieldmiddle range 468 covered Financials peers, as of 2026-09-03
  • free cash flow (absolute dollars, latest fiscal year)top 25% 430 covered Financials peers, as of FY2025

Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.

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Top 10 scores & list membership

MTG is not currently in any published Top 10 list. Its scores are below.

Top 10 score

58.2 #300 of 1,379 scored · #105 of 220 in Financials

  • Profitability60.4
  • Growth17.8
  • Financial health89.2
  • Valuation87.0
  • Capital return69.0
  • Trend46.2

Financial health 89th (free cash flow margin 70.2%, debt to equity 0.1) and valuation 87th (price to book 1.1, price to earnings 8.7); weakest is growth (18th, revenue growth year over year -1.9%, 3-year revenue CAGR 1.1%).

Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.

Dividend coverage (FY2025)

Covered by reported results. In FY2025, MTG's dividend was covered by reported results (earnings payout 18%, free-cash-flow payout 16%). This describes past coverage, not a forecast.

  • Earnings payout18% dividends / net income
  • Free-cash-flow payout16% dividends / (operating cash flow − capex)

Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.

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How MGIC Investment Corporation looks technically

MGIC Investment Corporation (MTG) is trading 0.0% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 49 trading days ago — a "golden cross", a bullish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 41, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 43, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 7 trading days ago.

Trend

8
Distance from the 200-dayit is trading 0.0% below its 200-day average, the long-term trend line — a long-term downtrend-0.0%
50-day moving averageits average price over the last 50 trading days — a short-term trend line — is $29.90$29.90
200-day moving averageits average price over the last 200 trading days — the long-term trend line — is $27.88$27.88
Swing structureeach recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes nexthigher highs and higher lows
Last swing turnits last significant turn was a swing low 8 calendar days ago — the swings before that are what the structure reading is measured on8 sessions
Wave structureits recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes below 25.68. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C.possible upward five-wave sequence, in wave 3 (one of several readings)
Since the 50/200 crossits 50-day average crossed above its 200-day average about 49 trading days ago — a "golden cross", a bullish long-term signal49 sessions
Trend strength (14-day ADX)a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 41, with sellers in control41.3

Momentum

3
14-day RSImomentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 43, neither overbought (above 70) nor oversold (below 30)42.7
Position in its 14-day rangeit is trading around the middle of its 14-day range ($25.68 to $29.91) — its "stochastic" reading is 52 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions.51.8
Since the MACD crossed zeroMACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish)45 sessions

Range

12
52-week highits highest closing price over the past year (about 252 trading days) was $31.62$31.62
From the 52-week highit is 11.9% below its 52-week high (its highest price of the past year)-11.9%
Above the 52-week lowit is 12.9% above its 52-week low (its lowest price of the past year)+12.9%
Below the 52-week highit is 11.9% below its highest point of the past year11.9%
Since a 20-day breakoutit made a new 20-day low about 7 trading days ago7 sessions
Since a 55-day breakoutit made a new 55-day low about 7 trading days ago7 sessions
All-time highits highest closing price on record is $72.73 (set on 2006-01-10)$72.73
Given back of the 52-week moveover the past year its closes ranged ($24.86 to $31.47), and it has given back around half of its rise from last year’s low — 54% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $27.17 to $27.39. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast.54.5%
From the all-time highit is 61.7% below its all-time high-61.7%
Nearest price levelit is trading 1.1% above a support level at $27.56 — a price it turned at 8 times since 2025-09-16, most recently on 2026-05-08. Since 2024-10-08 it has 6 such levels below the current price and 2 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go.-1.1%
All-time lowits lowest closing price on record is $0.6584 (set on 2012-08-03)$0.6584
Above the all-time lowit is 4133.0% above its all-time low+4,133%

Volatility

5
Band width vs its own 6 monthsday-to-day price swings are unusually wide versus its own recent history (wider than about 95% of the past ~6 months)95th percentile
Typical daily rangein a typical session it travels about $0.723 between its high and its low — about 2.6% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was$0.723
Bollinger bands (20-day, ±2σ)most of its recent trading has stayed between about $25.77 and $31.31 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles$25.77 – $28.54 – $31.31
Typical daily range (% of price)its price moves about 2.6% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price2.6%
Stretch from the 200-day averageit is sitting essentially on its 200-day average price (0.0% below it in plain percentage terms)at its 200-day average

Volume

1
Volume vs its 30-day averagetrading volume is about normal versus its 30-day average1.21×

Analyst

2
Change in the average price targetanalysts' average price target is unchanged from the prior reading0.0%
Change in the consensus ratingthe analyst consensus rating is unchanged since the prior readingunchanged

Candlestick patterns

3
Since a doji7 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level7 sessions ago
Since a hammer8 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close8 sessions ago
Since a bullish engulfingtoday it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before ittoday

Price gaps

1
Gap at the openit opened on 2026-10-08 0.3% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close-0.3%

Price streaks

1
Closing streakit closed higher in its latest session, after a session that did not close higher — a single up day rather than a run1 session up

Relative strength

4
vs market, 1 monthover the past 1 month this stock lagged the market by 10.1 percentage points (the stock lost 9.1% while the market gained 1.0%)-10.1%
vs market, 3 monthsover the past 3 months this stock lagged the market by 4.8 percentage points (the stock lost 0.9% while the market gained 3.8%)-4.8%
vs market, 6 monthsover the past 6 months this stock lagged the market by 14.3 percentage points (the stock gained 3.1% while the market gained 17.5%)-14.3%
vs market, 12 monthsover the past 12 months this stock lagged the market by 11.7 percentage points (the stock gained 3.3% while the market gained 15.0%)-11.7%

Signal agreement

2
Bullish technical signals1 of the 9 technical signals we can compute for it is currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day — these describe past price behaviour, not a forecast1 of 9
Bearish technical signals5 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, MACD momentum is negative, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast5 of 9

Trend (Ichimoku cloud)

1
Vs the Ichimoku cloudtrading 3.0% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 7.4% of the share price.-3.0%

Volume-weighted price

2
Vs this year’s average price paidthe price is 1% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $27.70 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP.+0.6%
Vs the average paid since it last reportedthe price is 5% below the average price paid since it last reported on 2026-07-29 (its 10-Q), so the typical buyer over that stretch is under water. That average is $29.46 — a volume-weighted average of daily closes over 51 sessions, not a true tick-by-tick VWAP.-5.4%

Price levels it has turned at before

MTG last closed at $27.87 on 2026-10-08. Since 2024-10-08 it has turned at 6 prices below its last close and 2 above; the 3 nearest below and the 2 nearest above are listed, nearest first.

LevelSideDistanceEvidence
$27.56Support1.1% below the last closeturned there 8 times · 2025-09-16 to 2026-05-08
$28.71Resistance3.0% above the last closeturned there 7 times · 2025-07-03 to 2026-09-15
$26.34Support5.5% below the last closeturned there five times · 2024-10-17 to 2025-10-29
$25.61Support8.1% below the last closeturned there 12 times · 2024-10-30 to 2026-09-30
$31.50Resistance13.0% above the last closeturned there four times · 2026-07-30 to 2026-09-03

A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.

Wave structure

Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.

This labelling fails — stops being a possible reading at all — if it closes below $25.68.

This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.

On past moves of this shape the leg has usually ended somewhere between $32.61 and $36.89 — that is where it has tended to end if the count holds, not a forecast of where the price goes.

Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close below $25.68.

This reading has stood for 2 trading days, since 2026-10-07.

Read from daily closes as of 2026-10-08.

An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.

Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.

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Analyst consensus

  • Consensus ratingHold (2.83 mean, 1=Strong Buy…5=Strong Sell) — 5 analysts
  • Mean price target$31.00 range $28.00 – $35.00

Analyst estimates, as of 2026-10-03. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.

Analyst EPS estimate for MTG

  • Consensus EPS estimate$0.81 next reporting period, as of 2026-10-03
  • Estimate change, 30 days+$0.012 (+1.5%) from $0.798, on 2026-08-29, 35-day window
  • Readings revised upward13% of 8 comparable readings

The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.

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Key risks (from latest filing)

["Exposure to potential mortgage defaults and adverse housing market conditions.","Reliance on government-sponsored enterprises (GSEs) and regulatory requirements (PMIERs).","Impact of macroeconomic factors such as interest rates and unemployment on loan delinquency."]

See MTG's biggest risks from its latest 10-Q →

What changed in the latest 10-Q

AI-assisted comparison of MTG's 10-Q filed 2026-04-29 against the prior one filed 2025-10-29.

Management's Discussion & Analysis (MD&A)

  • Added:
    • Added statement that as of March 31, 2026, MGIC had $302.7 billion of primary insurance in force and $81.2 billion of primary risk in force (newer filing, 2026-04-29)
    • Added detailed PMIERs section explaining Available Assets ($5.8 billion) and Minimum Required Assets with $2.9 billion excess as of March 31, 2026 (newer filing, 2026-04-29)
    • Added enumerated list of five factors that could affect ability to comply with PMIERS financial requirements (newer filing, 2026-04-29)
    • Added GSE Reform section discussing FHFA conservatorship since September 7, 2008 and potential GSE reform proposals (newer filing, 2026-04-29)
    • Added State Regulations section with specific capital requirement details for 16 jurisdictions and Wisconsin MPP requirements (newer filing, 2026-04-29)
    • Added specific figures: MGIC's risk-to-capital ratio of 9.6 to 1 as of March 31, 2026, and policyholder position of $3.8 billion above required MPP of $2.1 billion (newer filing, 2026-04-29)
  • Removed:
    • Removed entire 'Summary financial results of MGIC Investment Corporation' table with quarterly and nine-month comparisons for 2025 vs 2024 (older filing, 2025-10-29)
    • Removed 'Non-GAAP Financial Measures' section with adjusted pre-tax operating income and adjusted net operating income data (older filing, 2025-10-29)
    • Removed 'Summary of third quarter 2025 results' section with comparative quarterly and year-to-date analysis (older filing, 2025-10-29)
    • Removed detailed discussion of losses incurred, net with delinquency notice amounts and favorable development figures (older filing, 2025-10-29)
    • Removed discussion of income tax provision and net gains/losses on investments (older filing, 2025-10-29)
  • Reworded:
    • Updated period reference from 'third quarter of 2025' to 'first quarter of 2026' in introduction (newer filing, 2026-04-29)
    • Updated annual report reference from 'year ended December 31, 2024' to 'year ended December 31, 2025' (newer filing, 2026-04-29)
    • Updated page reference from 'Q3 2025 | 33' to 'Q1 2026 | 31' (newer filing, 2026-04-29)
    • Changed forward looking statements reference from 'below' to 'above' in two locations (newer filing, 2026-04-29)
    • Removed detailed Overview section summary table and replaced with new PMIERs, GSE Reform, and State Regulations sections (newer filing, 2026-04-29)
  • Notes:
    • The newer filing's MD&A section appears truncated at the end ('It is possible that under the re'), limiting assessment of completeness
    • The older filing's MD&A section also appears truncated at the end ('See Note 7 - "Investments," to our consolidated financial statements for additional discuss'), limiting full comparison
    • The two filings cover different reporting periods (Q1 2026 vs Q3 2025) with fundamentally different content structures, making this a significant restructuring rather than incremental updates

AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.

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Insider activity (SEC Form 4)

0 open-market purchases and 7 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.

  • Last 30 days · read to 2026-10-040 buys · 3 sells ($5M) — 3 selling insiders
  • Last 90 days · read to 2026-10-040 buys · 7 sells ($12M) — 4 selling insiders
  • Last 180 days · read to 2026-10-040 buys · 11 sells ($14M) — 4 selling insiders

Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)

Most recent open-market transaction: 2026-10-01. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.

View full insider trading history → View SEC Form 3/4/5 filings

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Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.

U.S. House trading disclosures

U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 2 matched disclosures for MTG from U.S. House Clerk Periodic Transaction Report filings.

U.S. House trading disclosures →

Institutional ownership (13F)

4 institutional 13F filers reported holding MTG as of 2026-06-30 (quarter-end position, filed within 45 days).

  • Distinct 13F filers 4
  • Reported shares held 32,399,769
  • Reported value $913,673,474

reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 1 increased, 3 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".

Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.

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Short interest (FINRA)

MTG had 8,454,846 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).

MTG had 4.12% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.57 days to cover at the same settlement.

  • Reported short interest (shares) 8,454,846
  • Short interest (% of shares outstanding) 4.12%
  • Prior settlement (shares) 8,032,402
  • Reported change 5.26%
  • Days to cover (reported) 4.57

Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.

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Competitors & peers

AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.

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Frequently asked questions

What does MGIC Investment Corporation (MTG) do?

MGIC Investment Corporation provides private mortgage insurance (PMI) and ancillary services to lenders and government-sponsored enterprises in the United States. Its primary subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), offers insurance coverage that protects lenders against losses from mortgage defaults on low down payment loans.

What sector is MGIC Investment Corporation (MTG) in?

MGIC Investment Corporation (MTG) is classified in the Financials sector. Its industry is mortgage insurance. It trades on NYSE.

Does MTG pay a dividend?

Yes — MGIC Investment Corporation (MTG) pays a dividend, with an indicated yield of about 2.29% and at least 1 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-03). Informational only — not financial advice.

Who are MGIC Investment Corporation's (MTG) competitors?

Notable peers of MGIC Investment Corporation (MTG) include Radian Group, Essent Group, Enact Holdings, Arch Capital Group and National Mortgage Insurance. This peer set is informational only — not financial advice.

Has there been recent U.S. House stock trading in MTG?

Yes — we hold 2 matched STOCK Act disclosures for MTG from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.

Is MGIC Investment Corporation (MTG) overbought or oversold right now?

MGIC Investment Corporation (MTG) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 43, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.

Where does stocks-llm's data on MTG come from?

Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.

Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-10-08.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.