Cal-Maine Foods Faces DOJ Investigation Over Alleged Price Fixing in Egg Market
Cal-Maine Foods (CALM) experienced a significant stock drop following a report that the U.S. Department of Justice is investigating the company and other egg producers for alleged price fixing through a service called Expana. The stock initially fell 4.5% but recovered to a 1.5% loss by mid-morning. The investigation comes amid a decline in egg prices, which had previously reached $6 per dozen.
Tickers: $CALM
Topics: antitrust Cal-Maine Foods DOJ investigation egg industry price fixing