Medifast Trades Near 52-Week Low: What's the Best Move Now?

Medifast, Inc. (MED) has seen its shares dive 28.2% in the past six months compared with the industry’s decline of 9.4%. The company has also underperformed the broader Zacks Consumer Staples sector’s dip of 2% and the S&P 500’s decline of 7%. Closing the trading session at $12.92 yesterday, the stock hovers close to its 52-week low of$12.30 reached on April 7.MED Stock's Price PerformanceImage Source: Zacks Investment ResearchThis significant decline in Medifast stock price can be attributed to several fa ...