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Stock impact report

Why Medifast Stock Lost 30% in November [The Motley Fool]

MEDIFAST INC (MED) 
Last medifast inc earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.medifastnow.com
Company Research Source: The Motley Fool
Investors took the third-quarter earnings report as an opportunity to book some profits on this high-flying stock. Demitrios Kalogeropoulos ( TMFSigma ) Dec 6, 2018 at 3:05PM What happened Consumer health services specialist  Medifast ( NYSE:MED ) trailed the market by a wide margin last month, shedding 30% versus a 1.8% uptick in the S&P 500, according to data provided by S&P Global Market Intelligence . The slump didn't do much to harm long-term shareholders, though, as the stock has more than doubled so far in 2018, even after the latest decline. Image source: Getty Images. So what Medifast announced third-quarter results in early November that kept up its recent streak of impressive operating and financial wins. Sales jumped 80% to $139 million on the strength of its Optavia branded products and services. Gross profitability improve Show less Read more
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