Cal-Maine's stock falls as DOJ reportedly weighs bigger crackdown on major egg producers

Cal-Maine Foods fell in extended trading after a report that the Justice Department may be close to filing a civil antitrust lawsuit against the company and some rivals. The headline introduces material legal and competitive overhang, even though no lawsuit has yet been filed. The news is likely to pressure the stock near term.

Analysis

Cal-Maine Foods fell in extended trading after a report that the Justice Department may be close to filing a civil antitrust lawsuit against the company and some rivals. The headline introduces material legal and competitive overhang, even though no lawsuit has yet been filed. The news is likely to pressure the stock near term.