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Updated · MarketWatch · May 1Howmet Aerospace stock falls 1.45% and underperforms competitors
10 articles · Updated · MarketWatch · May 1
- The shares closed at $239.51 on Friday, as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average slipped 0.31% to 49,499.27.
- Howmet ended 10.40% below its 52-week high of $267.31, reached on 2 March.
- It lagged Berkshire Hathaway's Class A and B shares and TransDigm Group, while trading volume of 1.5 million was 725,940 below its 50-day average.
With its stock falling on inflation fears, are investors ignoring Howmet's record profits and strong growth? Can Howmet’s $1.8B acquisition shield it from the aerospace industry’s crippling supply chain crisis? As the aerospace supply chain fractures, can new technologies like AI and 3D printing rescue industry giants?