(Bloomberg) -- ACA Capital Holdings Inc. shares had
the biggest drop since the seller of credit derivatives went
public in November, after the company disclosed that it could
lose money on contracts tied to $4.5 billion of subprime
mortgage securities from 2006 and 2007.
The shares fell $1.87, or 22 percent, to $6.59 in New York
Stock Exchange composite trading, taking the stock's drop to 33
percent since July 12, when New York-based ACA disclosed the
information on its Web site.
Read more at Bloomberg Bonds News
the biggest drop since the seller of credit derivatives went
public in November, after the company disclosed that it could
lose money on contracts tied to $4.5 billion of subprime
mortgage securities from 2006 and 2007.
The shares fell $1.87, or 22 percent, to $6.59 in New York
Stock Exchange composite trading, taking the stock's drop to 33
percent since July 12, when New York-based ACA disclosed the
information on its Web site.
Read more at Bloomberg Bonds News
No comments:
Post a Comment