These 5 Stocks Are Getting Crushed Today

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In this article, we take a look at five stocks that are getting crushed today. If you want to take a look at some more stocks that are losing and the latest market situation, go to These 10 Stocks Are Getting Crushed Today.

5. State Street Corporation (NYSE:STT) has fallen 4.41% as of 1:15 PM ET after reports that the Massachusetts-based diversified financial services firm is considering the acquisition of Credit Suisse Group AG (CS) for CHF 9 ($9.22) per share. State Street Corporation (NYSE:STT) has declined to comment on this development and has said that it is focused on the acquisition of Brown Brothers Harriman’s Investors Services Business. The shares of Credit Suisse are hovering around a 20-year low after the firm revealed that it expects a loss in Q2 2022 from its Investment Banking segment due to the low level of issuance from the capital market along with the widening of credit spreads.

State Street Corporation (NYSE:STT) was held by 29 hedge funds at the end of Q1 2022. Harris Associates was the leading hedge fund investor in State Street Corporation (NYSE:STT) during the first quarter.

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