Worthington Enterprises Inc (WOR)

Shares of Worthington Industries, Inc. (WOR) dropped by 36.46% from $71.70 to $45.56 in the trading on Friday, December 1, 2023. The reason why WOR is down today is due to the completion of this corporate action, which separated Worthington Steel from Worthington Enterprises. Worthington Enterprises, Inc. (formerly Worthington Industries, Inc.), a prominent industrial manufacturing company, completed the previously announced separation of its Steel Processing business, known as Worthington Steel, Inc. The Steel Processing business has become a standalone, publicly traded company. Worthington Steel common stock began "regular-way" trading on the New York Stock Exchange (NYSE) on December 1, 2023, under the ticker symbol "WS". Worthington Enterprises' common stock continues to trade on the NYSE under the ticker symbol "WOR".

Shares of Worthington Industries (WOR) were tumbling 13.41% today after the industrial manufacturing company posted disappointing top-line results in its fiscal first-quarter earnings report. Revenue fell 15% in the quarter to $1.19 billion, missing estimates at $1.23 billion.

https://www.fool.com/investing/2023/09/28/why-worthington-industries-stock-was-falling-today/