Freddie Mac (FRE) sells down 25% to $9.88 on concerns raising capital will wipe out shareholders. The company’s 52-week high is $67.20.
Wachovia (WB) Panic selling in financial shares knocks this down to $14.28 from 52-week high of $53.10.
Merrill Lynch (MER) falls on concerns the company may have to raise over $5 billion. Down to $29.44 from 52-week high of $89.23.
Tesoro (TSO) Refining companies seeing margins squeezed. Drops to $17.24 from 52-week high of $65.98.
Douglas A. McIntyre
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