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Martha Stewart's stock performance is a fascinating topic. The stock price of Martha Stewart Living Omnimedia has fluctuated over the years.
In 2010, the company's stock price was around $10. In the same year, Martha Stewart's net worth was estimated to be around $640 million.
The company's stock price has continued to vary since then.
Martha Stewart Stock Performance
Martha Stewart Living Omnimedia Inc. shares fell 9% on Monday due to concerns that the company founder's return to work wouldn't immediately spark higher advertising sales and a return to profit.
The stock price dropped $2.78 to $27.97 on the New York Stock Exchange, after earlier falling as low as $27.20.
Stock Drops On Return
Martha Stewart Living Omnimedia Inc. shares fell 9% on Monday after her return from prison.
Concerns about the company's ability to stem defections by advertisers, readers, and viewers are driving the stock down.
Sales at Martha Stewart Living plunged 24% to $187.4 million last year as advertisers deserted the company's publications.
This decline in sales is a major reason for the stock drop.
The company posted a fourth-quarter loss of $7.3 million, which is also a concern for investors.
Martha Stewart was convicted last year of lying about why she sold shares of ImClone Systems Inc. stock in 2001, just before the price plunged.
Her stock price has more than doubled since her sentencing on July 16, but the reality of declining sales is now setting in.
The stock fell $2.78 to $27.97 on the New York Stock Exchange, and earlier dropped as low as $27.20.
Investors are now waiting to see if Martha Stewart can make a successful comeback and turn the company's fortunes around.
Announces Voting Results
Martha Stewart Living Omnimedia announced preliminary shareholder voting results on December 2, 2015.
The company made this announcement through a press release distributed by PR Newswire.
Martha Stewart Living Omnimedia News
Martha Stewart Living Omnimedia News was making headlines in 2015 with a significant announcement. Martha Stewart Living Omnimedia Announced Preliminary Shareholder Voting Results.
On December 2, 2015, the company released a press statement through PR Newswire, revealing the voting results.
MSO-N Rating
Martha Stewart Living Omni, also known as MSO-N, is a stock that has never been recommended as a Top Pick on Stockchase.
MSO-N is an OTC stock, trading under the symbol MSO-N, and is usually referred to as MSO-N or Martha Stewart Living Omni.
Stockchase rating for Martha Stewart Living Omni is calculated according to the stock experts' signals, with a high score indicating experts mostly recommend buying the stock and a low score indicating experts mostly recommend selling the stock.
The Stockchase rating for Martha Stewart Living Omni is based on the signals from stock experts, but the exact score is not provided in the available information.
Latest News
Martha Stewart Living Omnimedia has been in the news lately, and I've got the scoop for you.
A New York court has advanced a lawsuit against Martha Stewart Living Omnimedia regarding pet products.
In 2014, a judge ruled that J.C. Penney interfered with Macy's deal with Martha Stewart.
Macy's and J.C. Penney had settlement talks that stalled in January 2014, according to the Wall Street Journal.
Martha Stewart and J.C. Penney revised their partnership agreement in October 2013 due to the dispute with Macy's.
J.C. Penney shares plummeted in October 2013 after an analyst set a $1 price target.
Here's a summary of the key events:
Sources
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