Fairway stock tumbles on loan fears

An online news report detailing risks of a potential loan covenant violation appears to have triggered a sharp decline in the price of Fairway Group Holdings shares.

Stock in the parent of New York’s Fairway Markets chain was down by more than 18% Monday, closing at an all-time low of $1.71 per share. The sell-off followed a report on the financial website Seeking Alpha Friday saying that Fairway was nearing a leverage

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