Medifast shares down 29 percent on earnings miss

//Medifast shares down 29 percent on earnings miss

Medifast shares down 29 percent on earnings miss

Medifast Inc. was one of the biggest losers on Wall Street Wednesday, a day after the company's third-quarter earnings fell short of expectations. Shares of the Baltimore dieting and wellness company were down more than 29 percent on heavy trading volume to $152.36 in midday trading. The sharp drop comes as Medifast's stock has been one of the biggest movers of the year, rising more than three-fold since January to an all-time high of $248.98 on Sept. 10. Medifast (NYSE: MED) reported third-quarter…

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By | 2018-11-07T19:42:28+00:00 November 7th, 2018|Healthcare|

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