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The suit claims the disclosures caused Lamb Weston stock price to fall by $19.59 per share, or over 19%. The pension fund said it bought Lamb Weston stock at artificially inflated prices.
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The subsequent market rout pushed Lamb Weston's share price down a queasy 32% week-to-date as of early Friday morning, according to data compiled by S&P Global Market Intelligence. A spud of a quarter
Lamb Weston Holdings, Inc. is an American food processing company that is one of the world's largest producers and processors of frozen french fries, waffle fries, and other frozen potato products. [ 2 ] [ 3 ] [ 4 ] It is headquartered in Eagle, Idaho , a suburb of Boise .
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Market players bid Lamb Weston's stock price up by nearly 3%, a figure that looked good compared to the flat trajectory of the S&P 500 index on the day. Solid beat on the top line, narrow beat on ...
Share price slashed. The move to pull out of Connell comes as the company was hit by a series of setbacks. On June 13, an Ohio pension filed a class action lawsuit against Lamb Weston and two ...
Lamb Weston essentially directs blame toward restaurant companies that have raised menu prices to the point of pushing consumers away. In fiscal 2025, management expects 5% top-line growth, at best.