Why Is Target Hospitality (TH) Stock Down 37% Today?
THTarget Hospitality(TH) Investor Place·2024-06-11 20:51

Target Hospitality (NASDAQ:TH) stock is falling hard on Tuesday after the company announced the planned end to a service agreement with at the South Texas Family Residential Center. According to a press release from the company, the U.S. government is planning to terminate its contract with Target Hospitality at this location. That will see the contract end in 60 days, which should be around Aug. 9, 2024. Target Hospitality provides services to this location through a lease and services agreement with the S ...