Leggett & Platt (LEG) Shares Plunge 1.58% to Record Low

Leggett & Platt (LEG) shares plummeted 1.58% today, marking the second consecutive day of decline, with a total drop of 8.68% over the past two days. The share price hit a record low today, with an intraday decline of 5.90%.

Leggett & Platt is currently facing significant financial challenges. The company has recently announced a dividend cut, which has raised concerns among investors about its financial health. Additionally, the company's debt levels have been increasing, further straining its financial position. These issues have led to a loss of market share, as competitors have been able to capitalize on Leggett & Platt's struggles.

Experts have recommended selling LEG stock due to these financial difficulties. The stock has dropped 5.9% in the past week, and shareholders have faced significant losses, with a total loss of 75%. The combination of these factors has created a challenging environment for Leggett & Platt, and the company will need to take decisive action to address these issues and regain investor confidence.