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Updated · MarketWatch · May 1Genuine Parts Co. stock slips 2.09% in mixed trading
7 articles · Updated · MarketWatch · May 1
- Shares fell to $104.99 as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average dipped 0.31% to 49,499.27.
- The stock underperformed Aptiv, which gained 0.38%, while edging Cummins' 2.02% decline and faring better than LKQ's 9.72% drop.
- Genuine Parts closed 30.73% below its 52-week high of $151.57, reached on 12 February, underscoring the stock's weaker position over the past year.
Is GPC's stock a deeply undervalued 'Dividend King' or a classic value trap ahead of its risky corporate breakup? Is GPC's plan to split its business a masterstroke for growth or a desperate gamble to reverse its stock's decline?