Capital One Stock Plunges 6% Amid Settlement Showdown, Big Merger & Earnings Countdown
Capital One’s stock has see-sawed in mid-October. It closed at $202.42 on Oct. 16, down 5.9% for the daystockanalysis.com, after a sharp afternoon sell-off. This reversal erased a short rally earlier in the week when COF climbed from ~$202 on Oct. 10 to $215.10 by Oct. 15stockanalysis.com. Traders attribute the sudden drop to a mix of legal headlines and broader bank jitters. Notably, U.S. regional bank stocks also fell ~4% on Oct. 16 amid a credit loss surprise at Zions Bankreuters.comreuters.com, which spooked financial investors sector-wide.