A.O. Smith stock slips 2.71% and underperforms competitors
Updated
Updated · MarketWatch · May 7
A.O. Smith stock slips 2.71% and underperforms competitors
11 articles · Updated · MarketWatch · May 7
Shares closed at $58.60 on Friday, their second straight loss, as the S&P 500 rose 0.84% to 7,398.93 and the Dow edged up 0.02%.
A.O. Smith lagged Carrier Global, Trane Technologies and Lennox International, all of which posted smaller declines during the broadly stronger market session.
The stock finished 28.42% below its February 12 52-week high of $81.87, while trading volume of 1.9 million topped its 50-day average of 1.6 million.
As China's market weakens, can A.O. Smith's bet on high-tech water heaters and electrification secure its future growth?
As tech giants enter the smart home, can an industrial firm like A.O. Smith win the battle for connected appliances?