Kraft Heinz Co.'s stock dropped 28 percent today after it announced a $12.6 billion loss for the fourth quarter and an ongoing SEC investigation into the company.
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Kraft Heinz earnings reveal SEC investigation and massive write-offs, stock plunges
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Kraft Heinz Discloses SEC Probe, Misses Earnings ForecastsSecurities regulators are investigating Kraft Heinz over its procurement practices, the company disclosed as it reported a loss from a significant write-down in the value of some of its best-known brands.
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Kraft Heinz shares tank 20 percent after SEC probe and $15 billion write-downShares in Kraft Heinz are expected to plunge when markets open Friday, after the consumer goods company said it was being investigated by U.S. regulators and it reported a massive loss.
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Kraft Heinz loses a lot of cheese as earnings send stock plunging toward record lowKraft Heinz Inc. shares headed toward record lows in after-hours trading Thursday, after the giant food conglomerate delivered bad news with no condiments to sweeten it.
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Kraft Heinz Stock Is Plunging Because Things Have Gone From Bad to UglyKraft Heinz stock was plunging more than 25%, on the heels of a drama-filled fourth-quarter earnings report that included a $15.4 billion asset write-down, a dividend cut, and disclosure of a Securities and Exchange Commission investigation.
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