By Denny Jacob
Tredegar shares declined 13% to $6.69 on Monday, one of many companies to decline after being deleted from the S&P SmallCap 600 on Friday.
The company, which manufactures polyethylene plastic films, polyester films, and aluminum extrusions, is on pace for its lowest close since 1995 and a new 52-week low.
Other companies deleted from the index with shares seeing double-digit percentage declines on Monday include Comtech Telecommunications, DMC Global, Eagle Pharmaceuticals, Zumiez and LivePerson.
Shares of Children’s Place, Cutera, LendingTree, PetMed Express, Faro Technologies, Genesco, Inogen and Rayonier Advanced Materials declined by single-digits percentage-wise following the deletion from the S&P SmallCap 600.
Write to Denny Jacob at [email protected]
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