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Stock Market Crashers: What's Behind Lifelock Inc.'s (NYSE: LOCK) Double-Digit Drop Today
Consumer security company Lifelock Inc. (NYSE: LOCK) earned "stock market crasher" status on Monday when it dropped 17.57% to $10.70 per share by close.
Lifelock, heavily advertised on "The Rush Limbaugh Show," provides identity theft protection services for consumers and identity risk assessment and fraud protection services for businesses. The company went public on Oct. 12, 2012, and investors had locked in gains of more than 200% through the beginning of February. Shares are still 46.17% above initial offering price, but LOCK stock is down 34.08% year to date and 51.3% since mid-February.
Consumer security company Lifelock Inc. (NYSE: LOCK) earned "stock market crasher" status on Monday when it dropped 17.57% to $10.70 per share by close.
Lifelock, heavily advertised on "The Rush Limbaugh Show," provides identity theft protection services for consumers and identity risk assessment and fraud protection services for businesses. The company went public on Oct. 12, 2012, and investors had locked in gains of more than 200% through the beginning of February. Shares are still 46.17% above initial offering price, but LOCK stock is down 34.08% year to date and 51.3% since mid-February.