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Why Tattooed Chef Stock Fell More Than 36% Last Month

TheMotleyFool

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Why Tattooed Chef Stock Fell More Than 36% Last Month: https://g.foolcdn.com/editorial/images/677907/frustrated-investor-rubs-head-looks-at-computer.jpg

Shares of frozen-food company Tattooed Chef (NASDAQ: TTCF) fell 36.5% in April, according to data provided by S&P Global Market Intelligence. And there was no company-specific reason for the drop: no negative press releases or troublesome filings with the Securities and Exchange Commission (SEC). Rather, the market was generally plunging in April, and unprofitable companies like Tattooed Chef found little support from investors.

With its greater than 36% drop in April, Tattooed Chef stock is now roughly 70% off its all-time high in 2020.