TAMPA — Shares in troubled Walter Investment Management Corp. continued to tumble Wednesday morning after dropping below $1 a share on Tuesday.
The Tampa mortgage company was trading down about six percent this morning at 90 cents a share as of 10:15 a.m. On Tuesday, amid a major stock selloff across Wall Street, Walter was among the hardest-hit Florida stocks, down 14 percent.
Walter's trading woes have accelerated quickly since March 14 after it reported a half-billion dollar loss for 2016. For perspective: four years ago, Walter shares traded in the mid-$40s. Eleven years ago it traded at more than $300 a share.