Leidos Holdings stock slides 1.67% and underperforms rivals

7 articles · Updated · MarketWatch · May 6

Shares closed at $134.90 on Wednesday, their third straight daily loss, as the S&P 500 rose 1.46% and the Dow gained 1.24%.
Leidos lagged defence peers including RTX, up 2.24%, Lockheed Martin, up 1.05%, and Northrop Grumman, up 0.18%, despite a broadly positive market session.
The stock finished 34.44% below its 52-week high of $205.77 reached on 4 November, while trading volume of 2.2 million topped its 50-day average of 1.1 million.

Leidos's stock is falling despite record earnings and a $48B backlog. What are investors truly worried about?

With analysts seeing 50% upside after a major stock drop, is this a prime buying opportunity or a classic value trap?