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Wild ride continues for OFG Bancorp

Sep. 01, 2015 12:34 PM ETOFG Bancorp (OFG) StockBPOP, FBP, OFGBy: Stephen Alpher, SA News Editor
  • Puerto Rico's OFG Bancorp (OFG -14.5%) fell as low as about $6.70 in last Monday's panicky action, but had bounced nearly 30% from that level after yesterday's 19% gain.
  • It's back to the downside today, and the stock is lower by 15% to $7.34.
  • Alone among the notable news items (other than Puerto Rico's continuing debt troubles) since last Monday was the purchase of 7K shares by board member Josen Rossi at prices less than $7 per share.
  • Popular (BPOP -2.5%), First Bancorp (FBP -3.7%)

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