Lumber Liquidators Stock Loses 20% of Value Yesterday

Toana, VA, April 30, 2015—Lumber Liquidators’ stock dropped 20% yesterday, following the release of several pieces of bad news for the company, including the departure of its long-time CFO Dan Terrell, a loss of $7.8 million in Q1 2015 and the revelation that the Department of Justice may seek criminal charges against the company under the Lacey Act.

On February 23, before 60 Minutes report of finding high levels of formaldehyde in Lumber Liquidators’ flooring, the company’s stock traded at $68.78/share. Yesterday, on April 29, it traded at $26.76/share.