Why Kraft Heinz Stock Dropped Another 5% Today
Shares of packaged-foods giant Kraft Heinz (NASDAQ: KHC) got crushed on Thursday -- down as much as 14% at one point -- after the company reported a big 5% decline in first-half 2019 sales, and an even bigger 24% drop in earnings.
And on Friday, it's been more of the same for investors. Responding to a flurry of negative comments from Wall Street analysts, they sold off Kraft stock again today, and the shares were down 5.4% as of 2:25 p.m. EDT.
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Source Fool.com
