Why Fair Isaac Stock Was Blasted Again on Wednesday
Even by the standards of a lousy Wednesday for stocks in general, Fair Isaac (NYSE: FICO) was a standout in the wrong kind of way. For the second trading session in a row, the credit scoring specialist took a real blow to its stock price, which tumbled by almost 16% on the day. That percentage figure was 10 times the 1.6% decline of the S&P 500 (SNPINDEX: ^GSPC). Investors who thought Fair Isaac stock would bounce back from its 8% drubbing on Tuesday were badly mistaken. That's because Bill Pulte, director of the Federal Housing Finance Agency (FHFA) and the person behind critical remarks yesterday that spurred Fair Isaac's swoon, singled out the company for criticism on Wednesday. Image source: Getty Images.Continue reading
Even by the standards of a lousy Wednesday for stocks in general, Fair Isaac (NYSE: FICO) was a standout in the wrong kind of way. For the second trading session in a row, the credit scoring specialist took a real blow to its stock price, which tumbled by almost 16% on the day. That percentage figure was 10 times the 1.6% decline of the S&P 500 (SNPINDEX: ^GSPC).
Investors who thought Fair Isaac stock would bounce back from its 8% drubbing on Tuesday were badly mistaken. That's because Bill Pulte, director of the Federal Housing Finance Agency (FHFA) and the person behind critical remarks yesterday that spurred Fair Isaac's swoon, singled out the company for criticism on Wednesday.
Image source: Getty Images.
