La Croix parent's shares take a hit after new lawsuit

National Beverage Corp. shares closed Tuesday down nearly 5% after a complaint was filed New Jersey alleging that the company “planned to falsely state in April that its sparkling water cans were BPA-free,” months ahead of when the BPA-free cans were actually going to be produced. National Beverage brands include La Croix, which has seen its sales decline thanks to heightened competition and other factors. National Beverage could not be immediately reached for comment. National Beverage stock slumped to its lowest point since 2016, and has fallen about 37% for the year to date. The S&P 500 index has gained 15.1% for 2019 so far.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Source link

Some local news is curated - Original might have been posted at a different date/ time! Click the source link for details.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Send this to a friend