Why Donnelley Financial Stock Dropped 13.8% This Week
Donnelley Financial Solutions (NYSE: DFIN) got roughed up this week, as the stock price dropped 13.8% from last Friday's close through 10:30 a.m. ET today, according to S&P Global Market Intelligence. The stock is trading at about $42.70 per share, up 10.5% year to date as of Friday morning at 10:30 a.m. ET.
It was a bad week overall, as the S&P 500 was down 3.2% and the Dow Jones Industrial Average fell 3.3%, while the Nasdaq Composite dropped 3.6% this week, as of Friday morning at 10:30 a.m. ET.
Donnelley Financial provides risk management and compliance services for public companies and investment managers and financial services firms, with a clientele that includes more than 700 of the Fortune 1000. Its main focus is helping clients stay in compliance with Securities and Exchange Commission (SEC) and other financial regulations. It is the largest filer of data on the SEC's EDGAR database, with more than 170,000 filings annually.
Source Fool.com
