Stanley Black & Decker stock slides 1.02% and underperforms competitors
Updated
Updated · MarketWatch · May 7
Stanley Black & Decker stock slides 1.02% and underperforms competitors
8 articles · Updated · MarketWatch · May 7
Shares closed at $80.20 on Thursday, lagging Danaher, which rose 0.42%, while Illinois Tool Works and Parker Hannifin fell 1.92% and 1.75% respectively.
The decline ended a two-day winning streak during a broader market sell-off, with the S&P 500 down 0.38% and the Dow Jones Industrial Average off 0.63%.
Stanley Black & Decker finished 14.11% below its 52-week high of $93.37 reached on 11 February, while trading volume of 1.5 million stayed well below its 50-day average.
After a major asset sale to cut debt, why is Stanley Black & Decker's stock still failing to impress Wall Street?
As a 58-year Dividend Aristocrat, can its iconic payout survive the company's massive restructuring and profit slump?