afternoon trade: Kraft Heinz's stock KHC, -27.46% plummeted 28.0% toward a record low in active afternoon trade, enough to make it the worst performer in the consumer staples sector XLP, -0.48% and the S&P 500 index, according to Market Watch. SPX, 0.64% That would be the stock's biggest ever one-day decline, by far, since the company was spun out of what is now Mondelez International Inc. And that's also bad news for Berkshire Hathaway investors. MDLZ, -1.43% in 2012. Read more about Kraft Heinz's Q4 results, and Q3 results. The company had reported last Thursday fourth-quarter earnings and revenue that missed expectations and cut its dividend by 36%. If that's not bad enough, it received a subpoena from the Securities and Exchange Commission, resulting from an investigation into the company's accounting.
(news.financializer.com). As
reported in the news.
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