Managers of Life Partners Holdings Inc. are not sure why the price of the company’s common stock is going up and down so much this week.
Brian Pardo, chief executive of Life Partners, Waco, Texas, a publicly traded life settlement company, today issued a statement discussing the price swings.
The price of the stock has ranged between $4 and $13 throughout most of the year, then climbed to almost $19, from $12.35, in the past 30 days.
The price closed Friday at $18.86, but it plunged more than $2, to $16.50, Monday morning.
The price fell again Tuesday, then opened today at $16.21 and closed at $17.15.