Jefferies Stock Plunge Deepens Amid Bankruptcy Fallout – Will a Rebound Follow?
Stock Hits Multi-Month Low Amid Legal Fallout Jefferies shares have been on a wild ride in recent weeks, culminating in a steep plunge on October 16. The stock sank intraday to about $50 – territory not seen in over four months – before closing at $48.80, down over 10% for the day stockinvest.us. The selloff erased roughly one-quarter of Jefferies’ market value in just two weeks, capping a slide from the mid-$60s in late September ts2.tech. The immediate trigger for the latest drop was mounting scrutiny over Jefferies’ exposure to a client’s bankruptcy and the wave of shareholder lawsuits that
