Why McGrath RentCorp Stock Slumped on Wednesday
MGRCMcGrath Rentp(MGRC) The Motley Fool·2024-09-19 06:12

The company won't be acquired after all. In its 45-year history, McGrath RentCorp (MGRC -3.13%) has had many encouraging pieces of news to report to its shareholders and the world at large. Unfortunately for the business-to-business equipment rental specialist, its top news item on Wednesday wasn't so positive. On the back of that, investors traded out of the stock to leave it with an over 3% decline in price. This was a more pronounced slide than the 0.3% dip of the S&P 500 index on the day. Merger deal te ...