UBS AG is back in the barrel this morning. Investors have more concerns about write-downs, adding pressure to the stock today. It looks like shares were even halted. They opened down 10% in overseas trading. That went from bad to worse. Shares are now down 14% at $14.55 for its ADR’s in the U.S. The sad thing is that this also marks a new 52-week low. The 52-week trading range is $16.47 to $58.02. Actually, that should read "was" as the stock price this morning was last seen around $14.60 on active volume.
Jon C. Ogg September 16, 2008
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