Why Cal-Maine Foods Stock Cracked Today

Eggs may be expensive, but this egg stock is going on sale.Shares of Cal-Maine Foods (CALM -3.65%), America's biggest egg producer, dropped 3% through 11:10 a.m. ET this morning -- for reasons that had nothing to do with inflation or the rising price of eggs.Rather, Cal-Maine stock tumbled because a handful of its biggest shareholders are selling the stock, and Cal-Maine itself is buying back some of that stock at a discount. Selling (and buying) Cal-Maine stockLet's start with the selling. Cal-Maine announ ...