Shares of First Marblehead Corp. (NYSE: FMD) plunged $1.35 to close at $3.79 as investors locked in profits. Yesterday, the student lender announced that Goldman Sachs unit GS Capital Partners completed its investment of $132.7 million in the company.
First Marblehead Plunges On Profit Taking
August 19, 2008 at 18:03 PM EDT
