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Why Medifast Stock Jumped 46% in May

·2 min read
Why Medifast Stock Jumped 46% in May

Medifast (NYSE: MED) shareholders beat the market by a wide margin last month. The rally pushed the health-and-wellness platform to an over 50% gain so far in 2021. Investors cheered Medifast's early May earnings report that showed robust demand for its Optavia products and services.