Wachovia (WB) Down Another 8%, Below $15/Share
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Price: $7.75 -1.27%
Rating Summary:
8 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
Rating Summary:
8 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 12 | New: 12
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Shares of Wachovia (NYSE: WB) are down another 8% today, to $14.97, a new multi-year low.
There are a number of negative headlines and rumors hurting the stock today:
- Reports from the New York Post, Wachovia may have to buy back Prudential's stake in their joint retail brokerage venture.
- Analysts at Fox-Pitt Kelton said the dividends at Wachovia, Comerica (NYSE: CMA) and Marshall & Ilsley (NYSE: MI) are most at risk.
- Rumors of a take-under.
There are a number of negative headlines and rumors hurting the stock today:
- Reports from the New York Post, Wachovia may have to buy back Prudential's stake in their joint retail brokerage venture.
- Analysts at Fox-Pitt Kelton said the dividends at Wachovia, Comerica (NYSE: CMA) and Marshall & Ilsley (NYSE: MI) are most at risk.
- Rumors of a take-under.
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