Erie Indemnity Down This Week, Next Test Monday
Erie Indemnity Company Class A shares slipped 2.35% to $213.07 at the close on Friday, wrapping up their fifth straight drop. The stock fell almost 5% for the holiday-shortened week after markets were closed Monday for Memorial Day. Why it matters now: Erie shares slid Friday even as the S&P 500 gained 0.22% and the Dow added 0.72%. ERIE is still about 44% off its 52-week high of $380.67. Trading in peers was mixed—Donegal Group and Old Republic both fell but by less, while Kingstone Companies lost more.