Argo stock pummeled following reserve charge, falls 19%
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Argo stock pummeled following reserve charge, falls 19%


The stock of US-focused specialty insurer Argo is down more than 19% since late Tuesday afternoon, following the news that the company expects to take a reserve charge of up to $140mn when it reports fourth-quarter results.

The shares have lost nearly 20% of their value, as they were trading at $45.56 per share late Wednesday afternoon.


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