Ambac Financial Group Inc. (AMBC) Drops 6.61% on December 28

Equities Staff |

Ambac Financial Group Inc. (AMBC) was one of the Russell 2000's biggest losers for Monday December 28 as the stock slid 6.61% to $14.64, a loss of $-1.0358 per share. Starting at an opening price of $15.57 a share, the stock traded between $14.64 and $15.57 over the course of the trading day. Volume was 221,536 shares over 1,970 trades, against an average daily volume of 329,759 shares and a total float of 45.02 million.

The losses send Ambac Financial Group Inc. down to a market cap of $659.29 million. In the last year, Ambac Financial Group Inc. has traded between $27.53 and $12.72, and its 50-day SMA is currently $15.40 and 200-day SMA is $18.89.

The stock has a P/E Ratio of 1.3.

Ambac Financial Group Inc is a financial services holding company, and operates two reportable business segments Financial Guarantee and Financial Services. It is a guarantor of public finance and structured finance obligations.

Ambac Financial Group Inc. is based out of New York, NY and has some 188 employees. Its CEO is Nader Tavakoli.

For a complete fundamental analysis analysis of Ambac Financial Group Inc., check out Equities.com’s Stock Valuation Analysis report for AMBC. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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