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0.22%
-0.13
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Why is Greif Inc (GEF) Stock down?
We've noticed a 7.13% decline in Greif Inc (GEF) stock during the 2024-08-05 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
07 Dec, 2023:
Greif Inc Stock (GEF) dropped by 3.34% from $69.66 to $67.33 in the trading on Thursday December 07, 2023. The reason why GEF stock down today is due to its quarterly earnings results. The company reported weak sales, in which revenue of $1.31 billion, missing the consensus by $30M. The business's quarterly revenue was down 12.5% on a year-over-year basis. Investors has reacted negatively to the results, causing GEF stock declining sharply today.
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