Investors unswayed by AAC Holdings ’ 10-year plan

On Monday afternoon, AAC Holdings Inc. CEO Michael Cartwright outlined a 10-year plan for the struggling company, which owns American Addiction Centers. On Tuesday, Wall Street investors sent the stock (NYSE: AAC) down further. Shares closed Tuesday at $1.54, down 7.8% on the day, bringing the company’s market cap down to just shy of $39 million. The stock's 52-week range is $12.45 - $1.33. As Nashville Post reports, analysts on Monday’s con ference call were less interested in Cartwright’s…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news