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Why OneMain Holdings, Inc. Stock Plunged on Tuesday

TheMotleyFool

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Why OneMain Holdings, Inc. Stock Plunged on Tuesday

Shares of OneMain Holdings, Inc. (NYSE: OMF) are down by about 12% as of 3:30 p.m. EST as new disclosure suggests that it backed away from an earlier decision to put itself up for sale. Language in its financial filings suggests that a sale of the business was considered, but is now off the table.

OneMain Holdings stock jumped on Oct. 9 when the Wall Street Journal broke the news that the company was in talks to sell itself, reporting that it was in "advanced discussions with a number of interested parties."

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Source: Fool.com