Why Brighthouse Financial Stock Swooned on Monday
Investors booked their quick profits on the company's equity, following a credible report last week that it was about to be sold.Brighthouse Financial's (BHF 6.12%) stock price dove by more than 6% on Monday, but this was more for what didn't happen with the insurance company than what actually transpired. The insurer's decline came on a day when the S&P 500 index landed (barely) in positive territory, with an almost 0.2% rise. A big "For Sale" signBrighthouse has apparently been aiming to sell itself to an ...