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Updated · MarketWatch · May 7Jabil stock slips 6.11% and underperforms rivals
10 articles · Updated · MarketWatch · May 7
- Shares closed at $349.60 on Thursday, as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
- Jabil ended 6.11% below its 52-week high of $372.37, reached on May 6, after falling more sharply than Benchmark Electronics, Flex and Sanmina.
- Trading volume reached 1.7 million shares, above Jabil's 50-day average of 1.2 million, indicating heavier selling in a broadly weak market session.
After a 90% yearly gain, is Jabil’s sudden stock drop a brief correction or a long-term reversal? Jabil's AI growth is soaring, so why are company insiders consistently selling off their shares? Analysts rate Jabil a 'Buy,' yet their price targets suggest the stock is significantly overvalued. Who's right?