With Tuesday’s Closing Bell on Wall Street, Meredith Corp. shares fell another 1.3%, to $47.90. In immediate after-hours trading, MDP slipped further, moving to $47.67 as of 4:11pm Eastern.
This puts Meredith shares at their lowest point since October 2016.
Does that mean it’s a good time for investors to swoop in and buy MDP shares on the cheap? Yes, says one Wall Street investment analyst.
