Why Stewart Information Stock Fell 11.4% This Week
Stewart Information Services (NYSE: STC) had a bumpy ride this week as its stock price fell 11.4% from last Friday's close through 11:40 a.m. ET today, Feb. 10, according to S&P Global Market Intelligence. The stock is currently trading at about $45.65 per share, up about 6.7% year to date as of Feb. 10 at 11:40 a.m. ET.
It was not a great week for the markets either, as the S&P 500 was down 1.5%, the Dow Jones Industrial Average fell 0.5%, and the Nasdaq Composite dropped 2.5% this week, as of Friday morning at 11:40 a.m. ET.
Stewart Information Services is a leader in real estate title insurance and related businesses. Investors reacted negatively to a weak fourth-quarter earnings report, which came out on Feb. 8.
Source Fool.com
