September: Cree Drops 24%. October: Acuity Drops 12%

October 3 [addtoany]

The month of September was unkind to Cree stockholders who saw their stock price drop from about $48 per share to the $37.50 range. Today, the Acuity stock price has dropped by 12% (as of this writing) after the company reported a fiscal fourth-quarter profit that beat expectations, but said margins fell amid a sharp rise in input costs. The company said costs were “well higher” for items items such as electronic components, freight, wages, and certain commodity-related items, such as steel.

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