Here’s Why Diplomat Pharmacy Stock Bounced Back 14% Today
Shares of Diplomat Pharmacy (NYSE: DPLO) bounced back 14% on Friday, just days after getting cut in half following the disclosure to investors that the company had lost a big account and was in danger of falling out of favor with its creditors.
The volatility comes from the binary nature of Diplomat's current situation.
On the plus side, if it finds a buyer for all or part of its business, Diplomat is worth more than its value at Thursday's close.
Source Fool.com
