Reported about 5 hours ago
Papa John's International Inc. saw its stock plunge by as much as 21% in trading on Tuesday, marking its largest decline since the onset of the Covid-19 pandemic. This drop follows reports that Apollo Global Management Inc. withdrew its bid to take the pizza chain private at $64 per share. Analysts are anticipating a 5.2% decrease in the company's adjusted earnings as it prepares to release third-quarter results.
Source: YAHOO