Fair Isaac Dips As Investors Fear Toll of New Credit Bureau Alliance
Shares of Fair Isaac Corp., a leading developer of credit scoring systems, slid Tuesday as investors speculated that a new alliance among the nation's three major consumer credit bureaus could hurt Fair Isaac's business.
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Fair Isaac shares fell $2.79, or 6.6 percent, to $39.37 in afternoon trading on the New York Stock Exchange, putting the stock down 11 percent since the year began. Earlier in the session, shares traded as low as $37.80, on volume more than eight times average daily volume.
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