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…
from https://www.bizjournals.com/baltimore/news/2018/11/07/medifast-shares-down-29-percent-on-earnings-miss.html?ana=RSS&s=article_search
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