Why Mama's Creations Stock Is Sinking Today
Mama's Creations (NASDAQ: MAMA) stock is seeing sell-offs in Wednesday's trading. The company's share price was down 3.4% as of noon ET. At the same point in the day's trading, the S 500 was up 0.3%, and the Nasdaq Composite was up 1%. The stock had been off as much as 7.9% earlier in trading.
After yesterday's market close, Mama's Creations published results for the fourth quarter of its last fiscal year -- a period that ended Jan. 31. The company posted sales and earnings that beat Wall Street's expectations, but investors seem to have been looking for an even stronger performance.
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Source Fool.com
