Oppenheimer ends down 2% as it notches up 10-day losing streak

Oppenheimer Holdings

12/04/2022 21:24

** Shares in Oppenheimer Holdings fell 2.1% to $34.34 on Tuesday
after earlier hitting $34.20, its lowest point since Jan 2021 
    ** The middle-market investment bank and broker-dealer
logged its 10th straight day of losses, its longest losing
streak since 2016, with a decline of ~23%
    ** While trading in the broader financial sector has been
volatile with concerns abounding around the potential economic
impact of higher inflation, and rising rates, OPY was a
noticeable underperformer. 
    ** In the same 10-day  timeframe the broader S&P 1500
financial index  .SPCOMF  declined ~6% while the S&P 1500
 .SPSUP  has fallen about 5%
    


 (Reporting By Sinéad Carew)
 ((sinead.carew@thomsonreuters.com;))