TCS - Why Shares of The Container Store Crashed on Monday
Shares of The Container Store Group (NYSE: TCS) were crushed on Monday, closing the session down 16%. If anything, this is the opposite of what you'd expect. CNBC personality Jim Cramer just expressed his appreciation for the stock, and he even had CEO Melissa Reiff on his show late last week.
The stock is still down about 75% from highs reached all the way back in 2014. Business wasn't good for a while, leading to the big losses. But Reiff says her company has fundamentally reimagined its business of late, and Cramer brought her on Mad Money so investors would give this forgotten stock a second look.
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Why Shares of The Container Store Crashed on Monday