Fortune Brands Innovations stock falls 2.81% and trails market

9 articles · Updated · MarketWatch · May 7

Shares closed at $37.98 on Friday as the S&P 500 rose 0.84% to 7,398.93 and the Dow added 0.02% to 49,609.16.
The decline marked a second straight daily loss, with the stock underperforming Masco, down 0.26%, and American Woodmark, down 2.40%.
Fortune Brands ended 41.43% below its February 12 52-week high of $64.84, while trading volume jumped to 8.7 million shares from a 50-day average of 2.7 million.

Down 40% with no CEO, is Fortune Brands a deep value trap or the ultimate turnaround play for savvy investors?

With its leadership in chaos, can an activist investor steer Fortune Brands through its storm of falling profits and market headwinds?