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Here is why Calavo Growers Inc. (CVGW) stock can further decline on Tuesday?

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ZSAN Stock

Calavo Growers Inc. (CVGW) shares remained unchanged in after-hours on Monday, December 20, 2021, and closed the daily trading at $39.73. However, in the regular trading session, CVGW’s stock lost 4.59%. CVGW shares have fallen 44.88% over the last 12 months, and they have moved down 1.97% in the past week. Over the past three months, the stock has lost 3.07%, while over the past six months, it has declined 37.88%.

Let’s have a brief discussion about its recent news and developments.

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CVGW latest development

On December 20, 2021, Calavo Growers, Inc. (CVGW), reported its financial results for the fourth quarter and fiscal year ended October 31, 2021.

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Q4 2021 financial highlights

FY 2021 financial highlights

 

CVGW new appointments

On November 17, 2021, Calavo Growers, Inc. (CVGW) appointed Adriana G. Mendizabal to its Board of Directors, effective December 1, 2021.

Mendizabal has more than 30 years of experience, leading successful business turnarounds and transformations and igniting new businesses to achieve sustainable growth.

CVGW dividend declaration

On October 29, 2021, the board of directors of Calavo Growers, Inc. (CVGW), declared an annual cash dividend on its common stock of $1.15 per share. The dividend was paid on December 3, 2021, to Calavo Growers’ shareholders of record as of the close of business on November 12, 2021.

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Conclusion

Well, its financial results announced yesterday were not promising so we can expect it to further decline in the coming trading sessions.

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