Thursday, April 7, 2011

Aflac (NYSE:AFL) Drops After Another Japan Earthquake

The overall stock market fell in response to another earthquake in Japan (this won a much milder 7.4 in magnitude against the one that devasted the country that was 8.9 in magnitude), and the insurance company with the most exposure to Japan, Aflac (NYSE:AFL), predictably dropped in price as well.

Shares of Aflac dropped by as much as 2.5 percent, although they, along with the broader market, have recovered some since then.

For Aflac, this is just after it had rebounded from plummeting to about $48 a share in the aftermath of the earlier earthquake.

Aflac was trading at $54.35, falling $0.40, or 0.73 percent, as of 12:18 PM EDT.

No comments: