Here's Why Mosaic Co Dropped 12.7% in August

Here's Why Mosaic Co Dropped 12.7% in August

Shares of diversified fertilizer producer and distributor Mosaic Co. (NYSE: MOS) dropped nearly 13% last month, after the release of second-quarter 2017 earnings on the first day of August. There was good news and bad news in the update, but investors appear to have been fixated on the new full-year 2017 financial guidance management provided.

Although the ranges for selling volumes were "narrowed," in management's words, the high end of each range was reduced compared with the last reported guidance ranges. That was all Mr. Market needed to lower Mosaic Co. stock to levels last seen all the way back in 2006.

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Source: Fool.com