7.60
2.56%
-0.20
Pre-market:
8.80
1.20
+15.79%
Why is Enhabit Inc (EHAB) Stock down?
03 Oct, 2023:
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.
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