A Loss for Fido
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, July 11, 2002

A Loss for Fido

Fidelity lost approximately $1 billion in value of its Wyeth (NYSE: WYE) stock holdings on Tuesday, according to an article in today's Boston Globe. The stock tumbled almost a quarter of its value when reports were released that it's hormone-replacement therapy may actually increase health risks for women. SEC records indicate that Fidelity is the largest shareholder in Wyeth with 71 million shares. Fifteen Fidelity funds are invested in the company.

Printed from:

Copyright 2002, InvestmentWires, Inc.
All Rights Reserved
Back to Top