Why Owens & Minor Stock Just Gave Back 11.4%
Owens & Minor (NYSE: OMI) investors had a fantastic day Tuesday. After the maker of personal protective equipment (PPE -- such as surgical gloves, gowns, and -- most especially these days -- masks) preannounced preliminary financial results for the fiscal second quarter and upped its guidance for the full year, Owens & Minor stock raced ahead to close the day up 81%. This afternoon, Owens & Minor is giving back some of those gains -- just a bit -- with its stock down 11.4% as of 3:20 p.m. EDT.
