Enhabit Inc (EHAB)

Enhabit Inc Stock (EHAB) dropped by 27.02% from $11.73 to $8.56 in the trading on Tuesday October 3, 2023. The reasons why stock EHAB down today includes:

• Potential covenant breach: In an Oct. 2 filing with the Securities and Exchange Commission (SEC), EHAB received a temporary waiver for a potential covenant breach with Wells Fargo and its other lenders.
• Several issues: In August, it said that in line with its Tax Matters Agreement with Encompass Health Corporation, Enhabit's board was looking at various options, including a sale of the company, a merger, or some other transaction.