UBS Gets Its Turn In The Barrel (UBS)

Posted: September 16, 2008 at 7:38 am

UBS AG is back in the barrel this morning.  Investors have more concerns about write-downs, adding pressure to the stock today.  It looks like shares were even halted.  They opened down 10% in overseas trading.  That went from bad to worse.  Shares are now down 14% at $14.55 for its ADR’s in the U.S.  The sad thing is that this also marks a new 52-week low.  The 52-week trading range is $16.47 to $58.02.  Actually, that should read "was" as the stock price this morning was last seen around $14.60 on active volume. 

Jon C. Ogg
September 16, 2008

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