Armstrong Flooring Inc (AFI) Hitting the mark

Armstrong Flooring Inc (AFI) ‎stock got some oxygen when the company publicly announced to sell its production facility and real state property of theSouth Gate to an affiliate of Overtone Moore properties for a price of $76.7 million. Over the past year, AFI has risen 78.34% and also lost -$2.90 per share over the past year. AFI stock is up 28.31% over the past week and got a bullish response from the investors.

What really happened?

Unlock the Hottest Top 10 Penny Stocks Today! Discover Now

Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.

Gain Access to Top 10 Penny Stocks Now!.


As the AFI company announced the news of selling South Gate properties for a price of $76.7, this made the investors more attracted which resulted in a positive impact on the AFI stock.  The positive impact was observed when the AFI Stock Price Increased up to 44.8%as it went from a previous close of $4.04 to $5.56.

Michel Vermette, President, and Chief Executive Officer during the press release, commented, “I’m proud of the resilience our employees showed throughout the year while executing our business transformation. Our progress was evident in our fourth-quarter results, which were largely in line with our expectations as we further invested in the multi-pronged transformation and modernization of our business.

About AFI:

Armstrong Flooring Inc designs, manufactures, sources, and sells resilient and wood flooring products, which are mainly used for the renovation and construction of commercial, residential, and institutional buildings. It has been operating through two segments named Resilient Flooring and Wood Flooring. The Resilient Flooring provides a range of floor coverings that are mostly used for homes and commercial buildings under the Armstrong brand. The Wood Flooring segment provides hardwood flooring products under the Armstrong and Bruce brand names.


Wise people make wise decisions. The ASI put themselves back on track and got attention from the investors when the company decided to sell their South Gate Properties for a price of $76.7. This was a major breakthrough for the AFI stock as the stock price increased up to 44.8%.


Please enter your comment!
Please enter your name here