Vital Farms Shares Fall as Egg Glut Drags On, Nasdaq Sets New Highs
Vital Farms Inc. shares slipped 4.2% to $10.01 at Friday’s close, wrapping up a shortened post-Memorial Day week in the red. The stock traded between $9.54 and $10.60 this week and ended about 1.2% down from May 22. Markets kept moving higher this week. The S&P 500 notched its ninth weekly win in a row, and the Nasdaq Composite gained 2.4% for the week, both closing at new highs. But Vital Farms was left out. The stock is trading like investors see a company still working through its own issues.