Target Hospitality Corp (TH)

Shares of Target Hospitality Corp (TH) dropped by 9.58% from $10.96 to $9.91 in the trading on Wednesday, December 13, 2023. The reason why TH down today is due to a disappointing cut on guidance FY2023.

• Full-year 2023 Revenue Guidance has been revised from $550 million - $580 million to $550 million - $560 million.
• Full-year 2024 Revenue is now expected to be in the range of $410 million - $425 million. The revised revenue guidance reflects the company's expectations and adjustments in light of the new contract and its associated revenue commitments.

TH's stock fell 5.78% related to the news that their CFO Eric Kalamaras sells 47,195 shares. Following the transaction, the chief financial officer now directly owns 33,939 shares in the company, valued at $561,351.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

https://theenterpriseleader.com/2023/06/13/target-hospitality-corp-nasdaqth-cfo-eric-kalamaras-sells-47195-shares.html