: Carlyle stock down 9% in largest drop since May 4
Carlyle Group Inc CG stock is down $3.13 or 8.82% to $32.33 on Wednesday morning after it posted a second-quarter loss earlier in the day. If the losses hold, it’ll be its lowest close since July 10, when it ended the session at $31.94 a share, according to Dow Jones Market Data. The stock is on pace for its largest percentage decline since it dropped 13.55% on May 4. The stock is holding on to an 8.33% year-to-date gain, but it remains about 46% below its all-time closing high of $60.14 on Nov. 12, 2021.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.