Why Did Casey's General Stores Stock Tank This Week?
Results that looked good on the surface still spooked investors.
Overview
Casey's General Stores (NASDAQ: CASY) reported a sharp jump in earnings this week, but investors weren't impressed. Shares have plunged 16% since last Friday, according to data provided by S&P Global Market Intelligence.
Casey's CEO, Darren Rebelez, called it an "outstanding first quarter performance," but investors are skeptical that the strong results will be ongoing. Here's why.
Image source: Getty Images.
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.