Ellie Mae (ELLI) Shares Slide -5.91%

Ellie Mae (ELLI) : During the past 4 weeks, traders have been relatively bearish on Ellie Mae (ELLI), hence the stock is down -4.08% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.85% relative to the S&P 500. The 4-week change in the price of the stock is -0.86% and the stock has fallen -5.91% in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.94% and the 50-Day Moving Average is 3.41%. Ellie Mae, Inc. is up 10.18% in the last 3-month period. Year-to-Date the stock performance stands at 52.93%.


Ellie Mae (NYSE:ELLI): On Fridays trading session , Opening price of the stock was $100.44 with an intraday high of $102.63. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $91.41. However, the stock managed to close at $92.11, a loss of 6.46% for the day. On the previous day, the stock had closed at $98.47. The total traded volume of the day was 1,246,213 shares.

Ellie Mae, Inc. (Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Companys Encompass mortgage management solution provides one system of record that allows banks, credit unions and mortgage lenders to originate and fund mortgages. The Encompass mortgage management solution handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management that provides one system of record. The Company delivers Encompass software in an on-demand Software-as-a-Service (SaaS). The Company also hosts the Ellie Mae Network.

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