Medifast Trades Near 52-Week Low: Buy, Hold or Sell MED Stock? [Yahoo! Finance]
MEDIFAST INC (MED)
Last medifast inc earnings: 2/26 04:05 pm
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US:NYSE Investor Relations:
ir.medifastnow.com
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Source: Yahoo! Finance
living product company has also trailed the broader Zacks Consumer Staples sector and the S&P 500's respective growth of 6.4% and 6.5%. Closing the trading session at $18.26 on Wednesday, the stock hovers close to its 52-week low of $17.73. This significant decline in Medifast's stock price can be attributed to several factors that have weighed on the company's performance and outlook. Let's delve deeper. Image Source: Zacks Investment Research Medifast Battles Customer Acquisition Challenges Medifast has been encountering difficulties in attracting customers due to macroeconomic challenges, including intense competition in the health and wellness space, the disruptive effects of GLP-1 regimen adoption and a general slowdown in consumer spending. The weight loss market has experienced significant changes, with the adoption of medically supported weight loss accelerating more rapidly than anticipated. In the second quarter of 2024, revenues of $168.9 million declined 43.1% ye
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MED
News
- Medifast Inc Is Being Investigated By The Schall Law Firm For Securities Law Violations And Investors Are Invited To Lend A HandAccesswire
- The Schall Law Firm Seeks Shareholder Contributions To A Securities Fraud Inquiry Into Medifast, Inc.Accesswire
- Medifast, Inc. May Have Defrauded The Public And The Schall Law Firm Invites Stockholders To Join A Securities Fraud InquiryAccesswire
- The Schall Law Firm Is Investigating Medifast Inc's Possible Securities Related Infractions And Affected Investors Can PartakeAccesswire
- Medifast, Inc. May Have Committed Securities Fraud And Shareholders With Losses Are Urged To Contribute To The Schall Law Firm's InquiryAccesswire
MED
Earnings
- 8/5/24 - Beat
MED
Sec Filings
- 9/17/24 - Form 4
- 8/5/24 - Form 10-Q
- 8/5/24 - Form 8-K
- MED's page on the SEC website