Why Brighthouse Financial Stock Swooned on Monday
Brighthouse Financial's (NASDAQ: BHF) 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.
Brighthouse has apparently been aiming to sell itself to an outside party since at least the start of this year. Last week, that effort seemed to be bearing fruit, as the Financial Times reported on Thursday that a suitor had been found.
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Source Fool.com
