Equifax stock price plunged from a high of $142 per share on Sept. 7 to $91.86 on Friday afternoon. The credit monitoring agency is under fire after hackers stole the data of 143 million Americans — half the population of the United States.
Shares plunged nearly 10% in early morning trading Friday, as nervous investors sold their holdings in the company.
Equifax stock price has now fallen 35% since the massive data breach was announced last Friday.
The Federal Trade Commission said it is looking into the security breach and a report that three top executives sold stock worth $1.8 million in the days after the company learned of the breach in August. The breach was not made public until Thursday.
In addition to small individual investors, Equifax stock is owned by big mutual funds, like T. Rowe Price, Vanguard, Fidelity, MFS and BlackRock.
Investors won’t know for sure if those major share holders sold their Equifax stock until after the third quarter ends later this month.
If Equifax’s stock price continues to fall, the company will be forced into bankruptcy.
They should go bankrupt there’s a bunch of dimwits running that shyt show…the hack should have never happened and they don’t know how deal with the fallout
Um, what else is new?
WHOA…thank goodness I have credit locking services
Someone will buy this company soon. It still has value. I’m sure a lot of underhanded things went on but unless the media creates a clear villain nobody will go to jail smh
Time to buy up the stock people!! It will bounce back!
they should give me 160 point raise on my credit score because my information was hack
But they will never go out of business nor give anyone courtesy raises on their scores for the inconvenience
All three of these agencies needs to be shut down. These are not federal agencies, so they don’t need our information. Crazy how these three companies, has the average American at it’s mercy.
Yep. On that list too
They are getting just what they deserve. They have caused a lot of familys that had fallen on hard time a lot of heart of heartache. From what I hear the world was a different place they was not around
Stocks in a credit bureau? This whole credit thing is rigged a ponzi….