Friday, October 31, 2008
The Hartford's Stock Falls 52%; Analysts Speculate About Sale
The Hartford's stock crumbled Thursday as Wall Street wondered about the company's financial strength, fueling speculation that the venerable insurer might have to start selling businesses to raise money, or even give up its independence.
The stock price nose-dived $10.24, or a historic 52 percent, closing at $9.62 a share, the day after The Hartford Financial Services Group confirmed a $2.6 billion net loss for the third quarter, driven by investment troubles.
The Hartford's Stock Falls 52%; Analysts Speculate About Sale
Source: Hartford Courant
The stock price nose-dived $10.24, or a historic 52 percent, closing at $9.62 a share, the day after The Hartford Financial Services Group confirmed a $2.6 billion net loss for the third quarter, driven by investment troubles.
The Hartford's Stock Falls 52%; Analysts Speculate About Sale
Source: Hartford Courant
Permalink posted by armandn @ 12:37 PM 
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