Neogen Stock Slips as Food-Safety Turnaround Faces a Harder Test
Neogen Corp shares edged lower in Monday afternoon Nasdaq trading, lagging a firmer technology-led tape as investors kept the food- and animal-safety testing company in a holding pattern before its next operating update. The stock traded at $8.94, down about 0.4%, after moving between $8.75 and $9.15; its market value was about $1.94 billion, market data showed. The move was small. The message was not. Neogen is still being judged less on the day’s market mood than on whether it can turn Food Safety growth, cost cuts and a planned portfolio exit into steadier earnings.
