LNC - Lincoln National tops week's financial losers while Lufax climbs the most
- This week's five top losers in financial stocks featured three insurance players, while the five biggest winners included two Chinese fintechs.
- Lincoln National ( NYSE: LNC ), a life and health insurer, dropped 18.4% in the week ending December 9, extending its year-to-date losses to -54.6%;
- Insurance broker Hagerty ( NYSE: HGTY ) slid 15.4% , and BRP Group ( NASDAQ: BRP ), another insurance broker, retreated 14.2% ;
- Brazil-based brokerage and investment firm XP Inc. ( NASDAQ: XP ) dipped 13.5% ; and
- Signature Bank ( NASDAQ: SBNY ), a digital asset-focused bank, fell 12.8% after Raymond James downgraded the stock to Market Perform on prospects for a slowdown in growth.
- For the gainers, China-based personal financial services platform Lufax Holding ( NYSE: LU ), accelerated 17.4% ;
- 360 DigiTech ( NASDAQ: QFIN ), another Chinese fintech, drifted up 5.3% ;
- U.K.-based life and health insurer Prudential ( NYSE: PUK ) gained 5.3% ;
- Residential mortgage lender UWM Holdings ( NYSE: UWMC ) rose 3.8% ; and
- Tradeweb Markets ( NASDAQ: TW ) inched up 1.8% after partnering with BlackRock ( BLK ) to enhance electronic bond trading .
- Previously, (Dec. 8) will stocks party like it's 2019? Barclays says Fed pivot could play out differently this time .
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Lincoln National tops week's financial losers, while Lufax climbs the most