By Shahien Nasiripour, Chief Financial and Regulatory Correspondent - The Huffington Post
Student loan giant Navient Corp. plunged on Wall Street Thursday to an all-time low that for the first time was less than the company's book value.
Navient shares fell 6 percent to $10.27 as an influential progressive group urged states to crack down on the student loan servicing industry. Navient's most recent book value, an estimate of how much shareholders could fetch if the company were liquidated, was $10.73 per share, suggesting that investors now believe the company is worth less than the value of its assets.
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