Fastenal stock rallies and outperforms competitors

13 articles · Updated · MarketWatch · Apr 30

Shares rose 2.79% to $44.93 on Thursday, beating gains by Amazon, Home Depot and Lowe's as the S&P 500 climbed 1.02% and the Dow added 1.62%.
The advance ended a two-day losing streak, though Fastenal still closed 11.26% below its 52-week high of $50.63 reached on 25 August.
Trading volume reached 8.5 million shares, above the stock's 50-day average of 7.7 million, indicating stronger-than-usual investor activity during the broader market rally.

With margins shrinking despite digital growth, how will the new CEO justify Fastenal's premium stock price?

Is Fastenal evolving from an industrial distributor into a logistics and technology service provider?