These 5 Financial Stocks are Getting Crushed Now

Through the early part of trading on Wednesday, September 14, 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.

Shares of Morgan Stanley (NYSE:MS) are trading at $15.26, down 31 cents (-1.8%) from the previous close of $15.54. 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 17, 2011, to September 13, 2011, the stock price had fallen $7.24 (-31.8%) from $22.78 to $15.54. 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).

Unum Group (NYSE:UNM) is one of the sector losers in price. Its shares are trading at $22.04, down 47 cents (-2%) from the previous close of $22.49. Unum Group provides group and individual disability products in the US and the U and provides a portfolio of other insurance products, including longterm care insurance, life insurance and employee-paid group benefits.

Stock Price Performance: From June 17, 2011, to September 13, 2011, the stock price had fallen $2.45 (-9.8%) from $24.94 to $22.49. It saw one of its worst periods between April 11, 2011 and April 18, 2011 when shares fell for six straight trading days, falling 4% (-$1.04). The stock price saw one of its best stretches over the last year between January 19, 2011 and January 27, 2011 when shares rose for seven straight trading days, rising 3.8% (+94 cents).

Axis Capital Holdings Limited (NYSE:AXS) is among the price losers in the sector as its stock price is $26.96, down 55 cents (-1.8%) from the previous close of $27.45. Axis Capital Holdings Ltd through its subsidiaries, provides a range of insurance and reinsurance products to insureds and reinsureds worldwide operations with main locations in Bermuda, the United States and Europe.

Stock Price Performance: From July 18, 2011, to September 13, 2011, the stock price had fallen $3.41 (-11%) from $30.86 to $27.45. The stock price saw one of its best stretches over the last year between July 18, 2011 and July 26, 2011 when shares rose for seven straight trading days, rising 4.4% (+$1.37). It saw one of its worst periods between April 28, 2011 and May 11, 2011 when shares fell for 10 straight trading days, falling 6.2% (-$2.20).

RenaissanceRe Holdings Ltd. (NYSE:RNR) is among the price losers in the sector. Its shares are trading at $65.53, which is $1.33 (-1.9%) below the previous close of $66.80. Renaissance Re Holdings, Ltd is the provider of reinsurance and insurance coverages and related services. Its business consists of two segments, Reinsurance and Individual Risk.

Stock Price Performance: From August 15, 2011, to September 13, 2011, the stock price had risen $3.15 (4.9%) from $63.65 to $66.80. The stock price saw one of its best stretches over the last year between November 30, 2010 and December 13, 2010 when shares rose for 10 straight trading days, rising 5.9% (+$3.53). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 16.1% (-$11.53).

Jefferies Group Inc. (NYSE:JEF) stocks are trading at $14.06. This is 41 cents (-2.8%) below the previous close of $14.47, making the company one of the biggest price losers in the sector today. Jefferies Group, Inc. and its subsidiaries operate as independent, full-service global securities and investment banking firm serving companies and their investors.

Stock Price Performance: From June 17, 2011, to September 13, 2011, the stock price had fallen $6.82 (-32%) from $21.29 to $14.47. The stock price saw one of its best stretches over the last year between April 19, 2011 and April 28, 2011 when shares rose for seven straight trading days, rising 5.7% (+$1.31). It saw one of its worst periods between May 19, 2011 and May 26, 2011 when shares fell for six straight trading days, falling 6.8% (-$1.57).

 

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