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Why Core-Mark (CORE) Stock Is Tumbling Today

NEW YORK (TheStreet) -- Shares of Core-Mark (CORE) were diving 13.92% to $38.83 on heavy trading volume Monday afternoon after the company announced the expiration of its supply agreement with Circle K Stores for the southeastern region of the U.S., effective January 2017.

This will reduce the number of Circle K stores that Core-Mark currently supplies by about 1,100, or a 36% drop, according to a company statement.

"We are disappointed that we did not retain all of the stores during this renewal process, but our long-standing partnership with this industry leading retailer...


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