Phoenix Companies (PNX) Sees Upside On Industry TARP Okay
Up)Phoenix Companies Inc. (NYSE: PNX) is another insurer jumping today on news the Treasury will approve TARP funds for the industry. Shares are up 17% currently to $1.75.
The industry is up on average of 6%, as represented by the move in the SPDR KBW Insurance ETF (NYSE: KIE).
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