Why Monro Shares Are Trading Lower By 13%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Monro shares dropped 13.4% after posting Q4 results and announcing an agreement to eliminate Class C preferred stock. Other stocks experienced significant price movements during Thursday's mid-day session, with gainers including CaliberCos, Enveric Biosciences, and WANG & LEE GROUP, while losers included Fortress Biotech, Tingo Group, and Motus GI Holdings.
May 18, 2023 | 5:19 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Monro shares dropped 13.4% after the company posted Q4 results and announced an agreement to eliminate Class C preferred stock.
Monro's stock price dropped significantly due to the announcement of Q4 results and an agreement to eliminate Class C preferred stock. The elimination of the preferred stock may have caused uncertainty among investors, leading to the decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100