The last three weeks have been tough on ServiceMaster shareholders. SERV stock was hovering around $56 a share as October went into its final third. But when the company announced its preliminary Q3 results on October 22nd, all hell broke loose.
Apparently, Wall Street didn’t like what it saw, which resulted in a swift and sharp plunge to as low as $34.77 by November 8th. Even investors who got out as soon as the bell rang on October 22nd still lost money as the market opened with a ~10% gap to the downside.
Read more at : https://www.investing.com/analysis/serv-stock-gave-a-warning-before-crashing-40-200484109