Courtesy of Benzinga.
Dean Foods (NYSE: DF) shares are trading lower by $1.05 at $19.42 in Monday’s session. Before the open, the company announced a Q4 beat of $0.02 with a slight revenue miss. The company also raised its Q1 guidance.
The double dose of good news instigated at spike to $21.99 in pre-market trading, but those gains were erased. Off the open, the issue could not break into the $21 handle, peaking at $20.91 before sellers flooded the issue.
Since making the high, it has retreated and continued to make new lows for the session, with current one standing at $19.37. If the decline continues, the issue may drift towards to the $19 level, in order to fill a void in price action from February 10.
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