Austin, Minn.-based Hormel has been beset by lower prices for whole bird turkeys this year, as well as a production interruption at a Planters facility in Virginia and lower center-store and contract manufacturing volumes.
The Hong Kong listed company saw its stock price slump 98% on Tuesday. Sanergy Group shares have now increased 78% after the Chinese company said a ‘forced sale’ had driven the plunge in its stock.
It’s been a difficult month for anyone trying to trade economic data releases. One policymaker says investors may be putting too much emphasis on them.
Market leaders of previous decades have seen their market capitalizations fall after becoming the most valuable companies listed on the S&P 500, JP Morgan’s analysts said