FactSet Research Systems shares shed 2.04% and underperform competitors
Updated
Updated · MarketWatch · Apr 30
FactSet Research Systems shares shed 2.04% and underperform competitors
10 articles · Updated · MarketWatch · Apr 30
The stock closed at $227.58 on Thursday, even as the S&P 500 rose 1.02% to 7,209.01 and the Dow gained 1.62% to 49,652.14.
The decline ended a three-day winning streak and left FactSet 52.07% below its 52-week high of $474.79 reached on 16 May.
FactSet lagged peers including Alphabet, whose Class A and C shares each rose about 10%, while S&P Global slipped 0.45%; trading volume was slightly below its 50-day average.
With its stock plunging amid AI fears, is FactSet a prime takeover target or a classic value trap?
Can FactSet's core business survive antitrust lawsuits that target its lucrative CUSIP data monopoly?