Waters Corp stock rises 1.98% in second straight daily gain
Updated
Updated · MarketWatch · May 6
Waters Corp stock rises 1.98% in second straight daily gain
9 articles · Updated · MarketWatch · May 6
The shares closed at $349.53 on Wednesday as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
Waters outperformed Thermo Fisher and Danaher, though GE Aerospace posted a stronger 6.68% rise during the broadly positive market session.
The stock remains 15.60% below its 52-week high of $414.15 reached on 25 November, while trading volume of 1.9 million topped its 50-day average of 1.1 million.
Can Waters' record quarter erase investor fears over its massive acquisition and justify its premium stock price?
Is Waters' pivot to diagnostics with its new at-home cancer test a sustainable new growth engine?