Why United Natural Foods Stock Was Falling Today
Shares of United Natural Foods (NYSE: UNFI) tumbled today after an otherwise strong earnings report wasn't enough to justify the stock's monster gains during the pandemic (shares were up nearly 200% before today's sell-off). The pullback may have also been a sell-the-news event as the supermarket operator had reported similar numbers in a preliminary earnings report back in May.
As of 1:52 p.m. EDT today, the stock was down 19.4%.
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Source Fool.com
