Aflac Stock Takes It On The Chin A Second Day
|By Tony Adams, Columbus Ledger-Enquirer|
|McClatchy-Tribune Information Services|
But that was little consolation for
On Thursday alone, shares tumbled
The one-two trading punch on Wednesday and Thursday was painful, with the company losing just under 7 percent off its stock price since hitting an intra-day high of
Again, Thursday was a terrible day for the overall stock market, with the Dow Jones index losing 317 points or nearly 1.9 percent, while the S&P 500 gave up just over 39 points, or 2 percent.
The summer months typically can be a down period for stocks, thus the old adage, "Sell in May and go away," with investors avoiding volatility until returning to a quieter market in November.
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