Why Booz Allen Hamilton Stock Keeps Going Down
Booz Allen Hamilton (NYSE: BAH) stock is on a roll -- but not the good kind. The kind that goes downhill. Shares of the government contractor have fallen for four straight days, with losses piling up especially quickly over the last two days. Shares fell more than 5% yesterday, for example. And as of 10:40 a.m. ET Thursday, Booz Allen Hamilton stock is down another 4.4%.
So what happened yesterday to accelerate the slide?
Booz Allen Hamilton had a curious announcement to make yesterday. Historically best known as a management consultant to the government, the company ventured further into the field of space technology with a direct investment into privately owned Starfish Space.
Source Fool.com
