AMP shares skid to a fresh 6-year low


If your an AMP Limited shareholder, look away now.

As seen in the chart below, the stock has skidded to a fresh six-year low in early trade on Friday.

Shares in the diversified financial currently trade at $3.765 a share, down 4.92% from Thursday’s close, leaving it at the lowest level since July 2012.

The latest selloff coincides with a broker downgrade from Macquarie Equities, which cut the stock from outperform to neutral, adding to what has already been a tumultuous few months for shareholders.

From late February 2015, AMP shares have lost more than 45%, including 31.5% since mid-March.

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