Alleghany Shares Cross Below Book Value

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In trading on Thursday, shares of Alleghany Corp. (Symbol: Y) crossed below their last reported book value - defined as common shareholder equity per share - of $431.07, changing hands as low as $430.00 per share. Alleghany Corp. shares are currently trading off about 0.2% on the day. The chart below shows the one year performance of Y shares, versus its 50 and 200 day moving averages: Alleghany Corp. Moving Averages Chart

Looking at the chart above, Y's low point in its 52 week range is $361.01 per share, with $445.99 as the 52 week high point - that compares with a last trade of $436.13.

According to the ETF Finder at ETF Channel, Y makes up 2.05% of the SPDR S&P Insurance ETF (Symbol: KIE) which is trading lower by about 0.6% on the day Thursday.

Click here to find out which 9 other stocks recently crossed below their book value »




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: Y , KIE

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