Ebix stock in record plunge after bankruptcy filing

Ebix has retained Jefferies LLC to help with the sale process. The stock was headed for the biggest one-day percentage loss since going public in 1987, and was on track to open at the lowest price seen since October 2006. It had plummeted 75.3 per cent year-to-date through Friday, while the S&P 500 had rallied 22.9 per cent, MarketWatch reported.

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