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Why Baltimore-Area Stocks Plummet On The Day When Trading Gets Halted?

The stock market plunged again Monday, falling so much that NYSE OHI trading at https://www.webull.com/quote/nyse-ohi was halted for 15 minutes. Investors continue to have worries about the spread of COVID-19. Making matters worse, the price of crude oil plummeted after Saudi Arabia instigated a price war with Russia over the weekend. The S&P 500 fell 7% by 9:34 a.m., triggering a market circuit breaker to pause trading for 15 minutes. The index wound up closing down 7.6%. The Dow Jones industrials lost more than points or 7.8%. It is the worst point drop ever for the Dow in a single day and its worst performance by percentage since 2008. Stocks Plummet On The Day When Trading OHI stock or OHI stock news is releasing the stock market have been falling since the novel coronavirus began spreading more widely outside of China, where it originated, a couple of weeks ago. Shares of Baltimore-based Under Armour NYSE OHI dropped 11.6% to $11.17, the first time they fell to below $12 since October 2017 and its lowest point since May 2012.  The sportswear maker expects to take $50 million to $60 million hit in the first quarter due to the impact of the coronavirus in China, the company's second-largest market behind the U.S. The stocks of Greater Baltimore's other largest public companies are doing as of mid-day trading on Monday: R. Grace & Co. (NYSE: GRA) -The Columbia-based chemical manufacturer's shares slumped 14.7% to $45.91. Colfax Corp. (NYSE: CFX) - The Annapolis Junction-based industrial conglomerate saw its shares fall 13.7% to $26.22. Rowe Price Group Inc. (NASDAQ: TROW) - The Baltimore-based money manager's shares declined 11.2% $103.64. Omega Healthcare Investors Inc. (NYSE: OHI) -Cockeysville-based Omega saw its shares decline 10.4% to $35.22. Sinclair Broadcast Group Inc. (NASDAQ: SBGI -Shares of the Hunt Valley-based TV broadcaster dropped 9.4% to $19.83. Laureate Education Inc. (NASDAQ: LAUR) -Shares of Laureate fell 8.3% to $16.78. Laureate is a Baltimore-based network of for-profit colleges and universities. Medifast (NYSE: MED) -The Baltimore-based dieting company's shares fell 7% to $73.88. Ciena Corp. (NYSE: CIEN) -The Hanover-based technology networking company saw its shares fall 5.8% to $38.72. McCormick & Co. Inc. (NYSE: MKC) - The Hunt Valley spice maker saw its shares fall 4.4% to $144.03. Legg Mason (NYSE: LM) -The Baltimore-based money manager's shares fall 1.5% to $48.98. Legg Mason is getting bought by Franklin Templeton in a deal that values its shares at $50. If you…

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