Medifast Inc. shares increased as much as 35 percent on Wednesday, the biggest gainer across all major stock indices. The Baltimore wellness and dieting company’s stock reached an all-time high of $90, a day after the company’s earnings in the fourth quarter beat Wall Street estimates. The stock retreated, but only modestly, to $88.30 in afternoon trading, up 31 percent from Tuesday’s close. Earnings in the fourth-quarter profit increased 78 percent to $7.3 million, or 60 cents per share. Sales…
from https://www.bizjournals.com/baltimore/news/2018/03/07/medifast-stock-all-time-high-share.html?ana=RSS&s=article_search
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