Phoenix Companies (PNX) Sees Upside On Industry TARP Okay

April 8, 2009 9:58 AM EDT

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).

You May Also Be Interested In

Related Categories

Momentum Movers, Trader Talk