PennyMac Investor Probe Deepens After 33% Stock Plunge: What PFSI Holders Need To Know

PennyMac Financial Services shares dropped roughly 33% on Friday, deepening the selloff that followed its earnings report. Investors focused on a sharp decline in its servicing business. By mid-afternoon in New York, the stock had slipped to $100.39, down $49.31, after hitting a low of $93.88.