Allstate Not In Good Hands (ALL)

Posted in pre-market 
September 11th, 2009

AllState Corp. (NYSE: ALL) has not yet materialized as a substantial trading volume stock because of its NYSE listing, but it will.  Goldman Sachs said investors are not in good hands and the brokerage giant cut its rating down to a SELL rating. At 8:28 AM EST we have shares down almost 3.5% at $28.22 on only about 6,000 shares.  Because this is specialist-dominated, teh volume here won’t rocket until after the open, but the 4.4 million share average is likely to be hit early today. -JON OGG

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