Medallion Financial Corp. (TAXI)

[starbuxsux]

$TAXI - $9.94 -0.71 (-6.67%)

TAXI tumbles as CNBC reports on sliding medallion prices
May 26 2015, 10:57 ET | By: Stephen Alpher, SA News Editor Contact this editor with comments or a news tip

It's not exactly new news, but taxi medallion prices are heading south. As CNBC reports, NYC medallion prices averaged about $800K in Q1, roughly 20% below four years ago.

Medallion Financial (TAXI -8.3%) gets a mention during the segment, as does the company's note that 90% of its earnings come from outside the taxi business.

Previously: Uber in talks for $1B credit facility (May 22)

Previously: Icahn invests $100M in top Uber rival Lyft (May 15)