Allstate stock slips and underperforms rivals in weak market session
Updated
Updated · MarketWatch · May 7
Allstate stock slips and underperforms rivals in weak market session
9 articles · Updated · MarketWatch · May 7
Shares fell 1.95% to $213.67 on Thursday, while the S&P 500 dropped 0.38% and the Dow Jones Industrial Average lost 0.63%.
The decline marked Allstate's third straight daily loss, leaving the stock 3.85% below its 52-week high of $222.23 reached on May 5.
Allstate lagged Progressive, Travelers and Hartford, which posted smaller declines, while trading volume rose to 2.8 million shares, above its 50-day average of 1.4 million.
After reporting record earnings, why are Allstate's top executives selling off millions in stock?
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