Why BellRing Brands Stock Got Trounced on Thursday
This, despite naming a well-qualified executive to be its next CEO.
Overview
BellRing Brands (NYSE: BRBR) was flagged as an outlier of a stock on Thursday by a well-known researcher, but not in a good way. This development obscured what seemed to be an orderly transition to leadership announced by the protein products maker that morning. That trading session saw the company absorb a nearly 8% body blow to its share price.
Zacks Investment Research named BellRing its bear of the day, ranking it a strong sell. The crux of the researcher's argument is that the company, maker of the Premier Protein shakes and similar products, hasn't effectively coped with mounting competition over time.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.