This Birmingham companyâs stock plunges 21%
Wall Street had its first down day in more than a week on Thursday and our Birmingham and Alabama Stock Report followed suit.
Birmingham-based ProAssurance sunk 21.3% after it reported Wednesday a third-quarter loss of $49.4 million.
Community Health Systems was next at -6.4%.
WestRock was the biggest gainer at +2.6%.
Overall, stocks fell Thursday to break one of Wall Street’s longest winning streaks in two decades after the pressure cranked higher from the bond market.
The S&P 500 sank 35.43 points, or 0.8%, to 4,347.35. The Dow Jones Industrial Average dropped 220.33, or 0.6%, to 33,891.94, and the Nasdaq composite lost 128.97, or 0.9%, to 13,521.45.