Genuine Parts Co. stock rises for second straight day
Updated
Updated · MarketWatch · May 6
Genuine Parts Co. stock rises for second straight day
8 articles · Updated · MarketWatch · May 6
Shares gained 1.15% to $105.49 on Wednesday as the S&P 500 rose 1.46% and the Dow added 1.24%.
Even with the advance, the stock remained 30.40% below its 52-week high of $151.57 reached on 12 February.
Genuine Parts underperformed rivals including Aptiv, Cummins and LKQ, while trading volume of 1.3 million stayed well below its 50-day average of 2.0 million.
With rising tariffs and a slow EV shift, is GPC's classic auto parts business facing an irreversible decline?
Will GPC's planned split create two focused powerhouses or just two smaller, more vulnerable companies?