Reported 10 days ago
Cal-Maine Foods, the largest egg producer in the U.S., is under investigation by the Department of Justice's antitrust division regarding recent egg price increases. The company reported a significant rise in sales due to high egg prices, with a notable record of 331.4 million dozen-eggs sold in the third quarter, but its stock fell over 4% following the news. Eggs have spiked in price due to a bird flu epidemic, and Cal-Maine indicated it is cooperating with the ongoing investigation.
Source: YAHOO