Argo stock price slides an additional 14% after Enstar LPT deal disclosure
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Argo stock price slides an additional 14% after Enstar LPT deal disclosure

Kyoung-son Song
August 10, 2022
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Argo MA.jpg

Argo shares are on a two-day losing streak, sliding nearly 14% to $22.80 on Wednesday afternoon, compared to yesterday’s close.

The specialty line carrier’s stock price had already fallen nearly 18% on Tuesday, following news that the carrier will accept a $100mn charge to secure a loss portfolio transfer with Enstar for its US insurance back-book.

Over

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Kyoung-son Song
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