Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Triumph Group Shares Are Plunging Today

TheMotleyFool

0 0

Why Triumph Group Shares Are Plunging TodayPhoto, wide shot, wide-angle lens, Logistics company, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a16a79c7-f73c-405d-ba63-e8d69b66ce4e.png

Shares of Triumph Group (NYSE: TGI) surged 13% higher on Friday on rumors the aerospace supplier could be a takeover target. But the stock came back down to earth on Monday, declining 21% as of 1 p.m. EST.

Triumph has been a tough business to love over the years. The stock lost about 70% of its value from midyear 2013 to the end of 2019 due to profitability issues. CEO Daniel J. Crowley was hired in 2016 with a plan to simply operations, shed underperforming units, and improve profitability. And while he has made progress, it is a multiyear challenge.

Image source: Getty Images.

Source Fool.com

Like: 0

TGI

Share