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Goldman Breaks $100, and Other Bad Financial News

September 13, 2011

Twelve of the 20 stocks comprising the Compliance-Insights Financial Index recorded new 52-week lows in Monday trading.  Goldman, which closed on Friday at $102.25, opened at $100.99, then dipped below $100 - trading as low as $99.78 a share - before rallying to close at $102.92. 

The options activity in Goldman Sachs may be signalling its stock has further downside in store, despite the fact the shares rebounded along with financials and the broader market Monday.

Others stocks hitting new 52-week lows ... (closing prices were as of 4 p.m., and do not reflect extended hours trading):

  1. Credit Suisse traded at $22.23 before closing at $22.95.  
  2. Deutsche Bank closed at $29.92 but not before traded down to $28.57.
  3. JPMorgan Chase traded at $31.21 and closed at $32.42.
  4. TD Ameritrade traded at $13.43, and closed at $13.94.
  5. Barclays Plc traded at $8.82, and closed at $9.18.
  6. Jefferies Group traded at $13.85, and closed at $14.55.
  7. LPL Investment Holdings traded at $24.80, and closed at $25.15.
  8. Morgan Stanley traded at $14.71, and closed at $15.05.
  9. Charles Schwab traded at $11.07, and closed at $11.46.
  10. Banco Santander Central Hispano SA traded at $7.15, and closed at $7.50.
  11. UBS AG (USA) traded at $11.53, and closed at $11.92.