A double-digit stock plunge on massive trading volume is the kind of market event that demands attention. Following its first-quarter earnings report on April 21, shares of Tractor Supply Company (NASDAQ: TSCO) did just that, falling over 11% to a new 52-week low.
The sell-off was fueled by a volume of 25.9 million shares, more than double the daily average. At first glance, such a dramatic reaction suggests a company in distress. However, a deeper look at the data reveals a more nuanced story.
