AmTrust falls 5% after analysts flag reserve concerns
AmTrust has suffered another torrid morning of trading in New York,
with the stock falling more than 5 percent after Keefe, Bruyette
& Woods (KBW) analysts said it may require "hundreds of
millions" of additional reserves.
The shares were trading down 4.8 percent at $15.40 as of 10.49am
in New York as investors heaped further misery on the beleaguered
carrier, whose stock value has dropped over 40 percent since the
beginning of the year.
In a research note released earlier...
Read more »