Ally Financial Stock Down 16.6% in a Week: Should You Buy Now or Wait?

Shares of Ally Financial (ALLY) , one of the leading auto lenders, tumbled 16.6% last week. This was steeper than the industry’s decline of 0.4%. One-Week Price PerformanceImage Source: Zacks Investment ResearchWhat Triggered the Sell-off in the ALLY Stock?If you observe the above price chart, you will see that Ally Financial shares plunged on Tuesday, Sept. 10 and remained on that level till the end of the week. On Sept. 10, Russ Hutchinson, ALLY’s chief financial officer, presented at the Barclays Global ...