It’s been a bumpy two weeks for Meredith Corp. shareholders. On Sept. 5, MDP opened at $32.14, tumbling some 25% in value after the company released a fiscal 2020 forecast that came up well short of what Wall Street pundits had predicted.
Now, Meredith shares are climbing back, and Moody’s Investors Service has affirmed the company’s ratings following the very guidance many disliked.
