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Moody's Corp. (MCO) Fell Sharply On S&P Lawsuit News

Moody's Corp. (MCO: Quote) traded in a narrow range until around 1:00PM Monday, but steadily declined for the remainder of the session. Shares finished down by 5.90 at $49.45 on the highest volume of the year.

Moody's sank to a one-month low and dropped below its 50-day moving average. The stock was under pressure due to the lawsuit that the DOJ is planning to file against its competitor Standard & Poor's.

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by RTT Staff Writer

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