NEW YORK—The Standard & Poor's MidCap 400 index declined Tuesday afternoon, as shares of insurer Radian Group Inc. slipped to a multiyear low.
The index declined 10.19 points, or 1.3 percent, to 808.38 in afternoon trading.
Radian's stock declined 30 cents, or 20.7 percent, to $1.15, after hitting $1.12 earlier in the session, which is an all-time low.
Shares of Avis Budget Group Inc. declined $1.12, or 13.4 percent, to $7.24, after rival Dollar Thrifty Automotive Inc. warned of a 2008 profit miss.
An analyst downgraded shares of publisher Lee Enterprises Inc., and the stock declined 52 cents, or 13 percent, to $3.47, after setting an all-time low of $3.45 earlier in the session.
On the rising side, shares of Modine Manufacturing Co. gained 92 cents, or 7.4 percent, to $13.29, following an analyst upgrade.
Shares of Flir Systems Inc., which makes thermal imaging and stabilized camera systems, rose $2.26, or 5.6 percent, to $42.84. A division of the company received a $49.8 million contract from the Navy.
Shares of ResMed Inc., which makes respiratory medical devices, advanced $1.84, or 5.2 percent, to $37.59.
