Jay Hancock's blog: Constellation Energy plunges $32 today - Business news: Stock markets, banks and economic observations with columnist Jay Hancock

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September 16, 2008

Constellation Energy plunges $32 today

In the last two days stock in BGE owner Constellation Energy Group has plunged by more than 60 percent. It's down $32 so far today in intraday trading. The stock has fallen $15 just in the past few minutes. It must be related to speculation about CEG's complicated commodity and energy trading operations and its potential exposure to the extraordinary developments on Wall Street. But no further explanation so far.

Posted by Jay Hancock at 2:00 PM | Permalink | Comments (0)

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About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.

Follow @jayhancock1 on Twitter