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0.60%
-0.05
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Why is Target Hospitality Corp (TH) Stock down?
We've noticed a 7.88% decline in Target Hospitality Corp (TH) stock during the 2024-11-18 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
13 Dec, 2023:
Shares of Target Hospitality Corp (TH) dropped by 9.58% from $10.96 to $9.91 in the trading on Wednesday, December 13, 2023. The reason why TH down today is due to a disappointing cut on guidance FY2023.
- Full-year 2023 Revenue Guidance has been revised from $550 million - $580 million to $550 million - $560 million.
- Full-year 2024 Revenue is now expected to be in the range of $410 million - $425 million. The revised revenue guidance reflects the company's expectations and adjustments in light of the new contract and its associated revenue commitments.
13 Jun, 2023:
TH's stock fell 5.78% related to the news that their CFO Eric Kalamaras sells 47,195 shares. Following the transaction, the chief financial officer now directly owns 33,939 shares in the company, valued at $561,351.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
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