5 Financial Stocks Investors are Dumping This Afternoon: MS, LNC, FNFG, TRH, VR

Through most of the trading day on Friday, September 16, 2011, these stocks are bringing down the Financial (NYSE:XLF) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Morgan Stanley (NYSE:MS) is among the price losers in the sector as its stock price is $16.25, down 36 cents (-2.1%) from the previous close of $16.59. Morgan Stanley provides its financial products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals.

Stock Price Performance: From June 21, 2011, to September 15, 2011, the stock price had fallen $6.12 (-26.9%) from $22.71 to $16.59. The stock price saw one of its best stretches over the last year between December 16, 2010 and December 28, 2010 when shares rose for eight straight trading days, rising 6.3% (+$1.64). It saw one of its worst periods between October 18, 2010 and October 26, 2010 when shares fell for seven straight trading days, falling 4.8% (-$1.20).

Shares of Lincoln National Corporation (NYSE:LNC) are trading at $19.28, down 51 cents (-2.5%) from the previous close of $19.78. Lincoln National Corp. offers a range of wealth protection, accumulation and retirement income products and solutions through its multiple insurance and investment management businesses.

Stock Price Performance: From June 20, 2011, to September 14, 2011, the stock price had fallen $8.77 (-32.4%) from $27.05 to $18.28. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six straight trading days, rising 8.9% (+$2.39). It saw one of its worst periods between October 21, 2010 and November 1, 2010 when shares fell for eight straight trading days, falling 7.1% (-$1.85).

First Niagara Financial Group Inc. (NASDAQ:FNFG) is one of the sector losers in price. Its shares are trading at $10.48, down 28 cents (-2.5%) from the previous close of $10.75. First Niagara Financial Group, Inc. provides retail and commercial banking as well as other financial services through its wholly-owned, federally chartered savings bank subsidiary, First Niagara Bank.

Stock Price Performance: From June 20, 2011, to September 14, 2011, the stock price had fallen $2.79 (-20.7%) from $13.45 to $10.66. The stock price saw one of its best stretches over the last year between December 6, 2010 and December 28, 2010 when shares rose for 16 straight trading days, rising 10.3% (+$1.29). It saw one of its worst periods between March 21, 2011 and March 31, 2011 when shares fell for nine straight trading days, falling 4.1% (-56 cents).

Shares of Transatlantic Holdings Inc. (NYSE:TRH) are trading at $48.06, down $1.52 (-3%) from the previous close of $49.55. Transatlantic Holdings Inc. through its operating subsidiaries offers reinsurance capacity for a full range of property and casualty products to insurers and reinsures on a treaty and facultative basis.

Stock Price Performance: From July 20, 2011, to September 15, 2011, the stock price had fallen $2.20 (-4.3%) from $51.75 to $49.55. The stock price saw one of its best stretches over the last year between October 7, 2010 and October 18, 2010 when shares rose for eight straight trading days, rising 2.7% (+$1.33). It saw one of its worst periods between August 15, 2011 and August 25, 2011 when shares fell for nine straight trading days, falling 5.5% (-$2.81).

Validus Holdings, Ltd. (NYSE:VR) stocks are trading at $25.20. This is 67 cents (-2.6%) below the previous close of $25.87, making the company one of the biggest price losers in the sector today. Validus Holdings, Inc., through its subsidiaries, provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide.

Stock Price Performance: From June 21, 2011, to September 15, 2011, the stock price had fallen $3.87 (-13%) from $29.74 to $25.87. The stock price saw one of its best stretches over the last year between October 7, 2010 and October 18, 2010 when shares rose for eight straight trading days, rising 6.1% (+$1.61). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 14.5% (-$3.96).

 

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