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Updated · MarketWatch · May 6FactSet Research Systems stock slips 3.48% and underperforms competitors
9 articles · Updated · MarketWatch · May 6
- Shares closed at $211.79 on Wednesday, their third straight daily loss, while the S&P 500 rose 1.46% and the Dow gained 1.24%.
- FactSet lagged Alphabet's Class C and Class A shares, which rose 2.83% and 2.47%, while S&P Global edged down 0.07%.
- The stock finished 55.39% below its 52-week high of $474.79 reached on 16 May, with trading volume of 822,403 below its 50-day average.
With private equity circling, is FactSet’s AI-driven stock crash a massive overreaction? Can FactSet’s new AI tools outpace the very technology threatening its existence?