Amentum Holdings stock slips 2.21% and underperforms market

8 articles · Updated · MarketWatch · May 1

The shares closed at $25.65 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.
Amentum ended 32.69% below its 52-week high of $38.11, reached on 6 February.
Trading volume reached 2.1 million shares, above the stock's 50-day average of 1.8 million, indicating heavier-than-usual activity.

With a $47 billion backlog, why is Amentum's stock plummeting after its revenue miss?

Can Amentum's pivot to nuclear and space technology rescue it from its current financial slump?