MGP Ingredients Faces Headwinds: Insider Sale & Sales Decline

MGP Ingredients faces sales decline, insider sell-off: Shares plummet 38%MGP Ingredients, a company grappling with a three-year average annual sales drop of 8.6%, has seen its shares plummet by 38% since the start of the year. The companys operating margin has also fallen by 18.3 percentage points, indicating cost management struggles. The recent insider sale of over 46,000 shares by chairman Karen Seaberg has further alarmed investors, causing a significant drop in the companys stock price to $24.23 per share, nearly 50% below its 52-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.