Wall Street reacts to Proficient’s earnings: a 25% stock decline

Proficient Auto Logistics gave a brutal overview of conditions in the auto hauling market in its first quarter earnings call with analysts Monday, and Wall Street acted accordingly a day later. Proficient (NASDAQ: PAL) saw its stock close the day down $2.67 to $7.77, a drop of 25.57%, per Yahoo Finance. Volume was more than 400% of its normal level. Proficient stock had gotten an upward kick after third quarter earnings when those numbers, while not strong in terms of income, demonstrated the company wa ...