Veralto Corp stock slips 1.42% and underperforms market

10 articles · Updated · MarketWatch · May 6

Shares closed at $86.88 on Wednesday as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
The decline marked Veralto's second straight daily loss in an otherwise broadly positive trading session for US equities.
The stock finished 21.10% below its 52-week high of $110.11 reached on 22 August, while trading volume of 1.6 million stayed below its 50-day average.

Veralto beat earnings and raised its forecast, so why is its stock price falling?

Is Veralto an undervalued water-tech leader or a spinoff struggling to meet high expectations?