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

Register to view the full article

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish