Atlas Financial Holdings Inc
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Financials : Insurance | Small Cap Value
Company profile

Atlas Financial Holdings, Inc. is a financial services holding company. The Company, through its subsidiaries, is engaged in the underwriting of commercial automobile insurance policies, focusing on the light commercial automobile sector. It operates through the property and casualty (P&C) insurance business segment. Its automobile sector includes taxi cabs, non-emergency para-transit, limousine, livery and business auto. Its automobile insurance products provide insurance coverage in over three areas, including liability, accident benefits and physical damage. Its liability insurance provides coverage subject to policy terms and conditions where the insured is determined to be responsible and/or liable for an automobile accident, for the payment for injuries and property damage to third parties. The accident benefit policies or provide coverage for loss of income, medical and rehabilitation expenses for insured persons injured in an automobile accident, regardless of fault.

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UPDATE: Tesla stock tumbles deep into bear-market territory

9:56 am ET February 23, 2021 (MarketWatch)

Shares of Tesla Inc. (TSLA) tumbled 10.5% to $640.00 in morning trading Tuesday, and have now plunged 27.5% from their record close, to put them on track to suffer their second bear market in less than six months. Many on Wall Street define a bear market as a decline of 20% or more on a closing basis from a significant peak. A close below $706.47, which is 20% below the Jan. 26 record close of $883.09, would make the bear market official. The last time the stock entered a bear market was Sept. 8, 2020, when it closed at $330.21, or 33.7% below the then-record close of $498.32 on Aug. 31. The stock rose to a new record on Nov. 19. Tesla's stock has still run up 22.5% over the past three months, while the S&P 500 has gained 6.9%. Among Tesla's electric vehicle peers, shares of China-based Nio Inc. (NIO) took a 13.6% dive in morning trading, after closing Monday 19.4% below its Feb. 9 record close of $62.84. The stocks of XPeng Inc. (XPEV) and Li Auto Inc. (LI) both fell into bear markets on Dec. 1, while Nikola Corp. shares (NKLA) closed Monday 73.8% below its record close of $79.73 on June 9, 2020.

-Tomi Kilgore; 415-439-6400;


(END) Dow Jones Newswires

February 23, 2021 09:56 ET (14:56 GMT)

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