Shares of H&E Equipment Services (HEES) saw some volatility at the start of trading on Thursday, but then they quickly moved to the downside and continued lower throughout the morning. While the stock pared some of its loss in the afternoon, it still closed down $1.24 at $9.03.
With the more than 12% drop, the stock, extending a substantial decline seen in the previous session, setting a multi-year closing low.
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