Alta Equipment Group blindsides investors with brutal profit cut—stock tumbles in dramatic response
Shares of Alta Equipment Group Inc. saw a sharp decline, falling 6.6% after the company announced a downward revision to its 2024 profit outlook, sparking a ripple of investor concern. Alta Equipment Group’s stock plummeted to $7.47 per share, bringing its year-to-date drop to a staggering 42%. This decline is linked to the company’s revised […]