Why CVR Energy Stock Dropped 20% at the Open Today

·2 min read
Why CVR Energy Stock Dropped 20% at the Open Today

Shares of CVR Energy (NYSE: CVI) fell a quick 20% or so at the open of trading on Friday compared to the closing price on Thursday. CVR Energy's stock price is a real-world example of this. In May, CVR announced plans to make a special distribution of cash and stock related to its investment in Delek US Holdings (NYSE: DK).