Shares in Bellamy’s, the troubled maker of organic infant formula, fell hard again today.
At the close, they had lost 17.7% to $4.40, adding to the 19.9% fall of Wednesday.
The company had announced the departure of the CEO, Laura McBain, and a profit downgrade after sales of the company’s organic infant formula in China suddenly stalled.
The share price is now less than a third of the year high of $15.38, sending the market cap down to $450 million from $1.48 billion.
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