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

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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.

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

  • 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 want to know more stock news like nyse shw , you can visit https://www.webull.com/quote/nyse-shw .
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