Fresh Market Hits a Fresh 6 Month Low

Looks overdone and ripe for a bounce back trade imo…..

“The Fresh Market (TFM) stock plunged to a six-month low Wednesday after the specialty grocer missed earnings expectations and announced that its CFO will step down next month.

Shares of Greensboro, NC-based company tumbled as much as 19% to $49 a share — the lowest level since late May.

Fresh Market’s third-quarter profit rose 19% to $10.9 million, or 23 cents per share, but that was short of the 26 cents per share that analysts polled by Thomson Reuters had forecast.

Sales during the quarter jumped 21% to $321.5 million, coming in slightly above the $319 million analyst were looking for.”

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