WaMu Stock Price
The WaMu stock price has had one of its worst weeks in recent memory. Here at Savings Accounts 411 we don’t typically write about stock prices, but since we focus on Washington Mutual online banking, we thought that we had to discuss the recent losses experienced in the WaMu stock price.
2008 has not been a good year for the Washington Mutual securities. In the beginning of 2008, Washington Mutual stock, trading under the NYSE symbol WM, had a WaMu stock price of $13.72. This week the Washington Mutual common shares were trading at a yearly low of $3.61 per share. Luckily on Friday, the WaMu stock price jumped back up to $5.92.
Is now a time to buy Washington Mutual stock? I couldn’t tell you. To tell you the truth, the only reason why I even care is that I am concerned about the financial stability of Washington Mutual and how it affects the security of the Washington Mutual online banking products. The recent mortgage crisis is hitting Washington Mutual hard, and this problem is killing the WaMu stock price.
If the WaMu stock price falls more, you have to think that Washignton Mutual becomes a buyout candidate. I think that it is good for consumers to have more competition in the online banking industry. We will have to see where the wamu stock price goes from here.