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DXYN - Dixie Group sinks after warning on commercial market
The Dixie Group Inc.
Shares of The Dixie Group ([[DXYN]] -40.8%) plunge after the company reports a 16% Y/Y drop in annual revenue. The company says its commercial business and the commercial market continue to be adversely impacted by COVID-19."We are beginning to see some improvement, but we believe the recovery will be longer coming and not as dynamic as the residential market recovery," updates DXYN management. DXYN trades at $3.23 vs. the 52-week range of $0.53 to $6.00.