After being battered for the better part of six weeks, Aflac's stock was rising sharply in trading Thursday morning on the New York Stock Exchange.
At 11:24 a.m. the stock was up $3.89 to $20 per share. That is an increase of more than 24 percent. The Dow Jones Industrial Average was up 1.3 percent in late-morning trading.
The stock was trading at more than $46 per share on Jan. 2. It started a steep drop Jan. 22 when financial analysts raised concerns about the company's investments in European banks. Since Morgan Stanley analyst Nigel Dally issued the first report that expressed the concerns, he has since upgraded the stock.
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