🔴 Lifevantage Corporation is trading 15.8% down, giving back gains from its recent rally

Lifevantage Corporation is trading 15.8% down today at $7.94, pulling back sharply after a multi-day rally that occurred in late May.

• The stock is giving back a portion of strong gains made on June 1 and in the last week of May.
• This prior rally followed the company's Q3 earnings report on May 6, where Lifevantage missed both revenue and EPS estimates, with revenue declining 25.2% year-over-year.
• The company did announce an 11% dividend increase on the same day, with a record date of June 1, which may have contributed to the recent rally.
• With no new company-specific news today, the decline appears to be a consolidation of the recent rally.