TE Connectivity stock slips 2% and underperforms competitors
Updated
Updated · MarketWatch · May 1
TE Connectivity stock slips 2% and underperforms competitors
8 articles · Updated · MarketWatch · May 1
Shares closed at $207.43 on Friday, as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
The decline ended a two-day winning streak and left the stock 17.87% below its 52-week high of $252.56 reached on 21 April.
TE Connectivity lagged peers including Qualcomm, Intuit and Texas Instruments, while trading volume of 2.7 million shares exceeded its 50-day average of 2.4 million.
TE Connectivity reports record earnings and a bullish AI outlook. Why is its stock still lagging so far behind its peak?
With component shortages crippling the electronics industry, can TE Connectivity truly deliver on its ambitious growth promises?