RTTNews | Oct 7, 2020 10:20AM EDT

10:20 Wednesday, October 7, 2020 (RTTNews.com) - Shares of MGIC Investment Corp. (MTG) are rising more than 8 percent or $0.80 in Wednesday's morning trade at $10.73 despite no company-centric news that could move the stock.

U.S. stocks are rising on Wednesday after U.S. President Donald Trump urged Congress to approve airline payroll support and other stimulus.

Wisconsin-based MGIC Investment is a provider of private mortgage insurance and other mortgage credit risk management solutions to lenders and government sponsored entities.

MGIC Investment has traded in a range of $4.34 to $15.24 in the past 52 weeks.

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