Shares of
LPL Financial
the nation’s largest independent broker-dealer, bounced back Tuesday, recouping some of the losses incurred Monday when the company’s stock fell 12%.
LPL’s stock was up 3% as of 3:30 p.m. EST, trading near $213 per share. But that’s still well below its 52-week high of $271. The stock is down 2.8% so far this year, which isn’t too bad given the pain many other financial stocks have suffered.
The Financial Select Sector SPDR Fund
(ticker: XLF) is down 7% in 2023.
Source: https://www.barrons.com/articles/lpl-financial-stock-price-selloff-client-cash-9e5e861d?siteid=yhoof2&yptr=yahoo