Griffon Corporation (GFF) Plunges 5.05% as Investors Sell

Griffon Corporation (GFF) shares plummeted 5.05% today, marking the fifth consecutive day of decline, with a total drop of 8.20% over the past five days. The stock price hit its lowest level since November 2024, experiencing an intraday decline of 6.23%.

Gamco Investors INC. and Gabelli Funds LLC both reduced their positions in Griffon Co. (NYSE:GFF) during the fourth quarter. This move by significant investors could have contributed to the stock's recent decline. Despite the focus on Griffon's efficiency ratios and potential for strong returns, these reductions in holdings may have influenced market perception negatively, leading to increased selling pressure on the stock.