Lincoln National stock slips 4.47% and underperforms competitors
Updated
Updated · MarketWatch · May 7
Lincoln National stock slips 4.47% and underperforms competitors
4 articles · Updated · MarketWatch · May 7
Shares closed at $35.94 on Thursday as the S&P 500 fell 0.38% and the Dow Jones Industrial Average lost 0.63% in a broadly weak session.
The decline ended a two-day winning streak and left Lincoln National 23.24% below its 52-week high of $46.82 reached on 5 January.
Lincoln National lagged peers including MetLife, Prudential Financial and AFLAC, while trading volume rose to 3.7 million shares from a 50-day average of 2.2 million.
With adjusted income rising but its stock falling, what is the true financial health of Lincoln National?
Can the company's big bet on AI technology solve the fundamental business problems driving investors away?