Posts Tagged ‘plunge’

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A&P shares plunge on bankruptcy speculation

SAN FRANCISCO (MarketWatch) — Shares of Great Atlantic & Pacific Tea Co. , parent of the money-losing A&P supermarket chain, plunged 62% to $1.08 in Friday morning trading. Bloomberg reported the New Jersey-based supermarket operator may soon file for bankruptcy. Executives at A&P had said Oct. 22 they were several weeks away from inking a [...]

Shares of Citrix plunge over 9%

SAN FRANCISCO (MarketWatch) — Shares of Citrix Systems Inc. plunged over 9% Wednesday following a strong run-up in stock price since early July. The shares of the software company, which closed at $42.11 on July 2, had rallied to close above $70 recently following the release of its second-quarter earnings at the end of July. [...]