CDW Corp stock craters 20.32% in strong market session
Updated
Updated · MarketWatch · May 6
CDW Corp stock craters 20.32% in strong market session
7 articles · Updated · MarketWatch · May 6
Shares closed at $109.00 as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
CDW ended 43.32% below its 52-week high of $192.30 reached on May 14, while lagging Amazon, Adobe and Accenture on the day.
Trading volume hit 6.3 million shares, far above the 50-day average of 1.6 million, signalling unusually heavy selling despite broader market strength.
Can CDW's pivot to AI services rescue its stock after a 20% plunge?
Is CDW's stock crash a unique failure or a dire warning for the entire IT industry?