INVESCO stock falls 1.90% and underperforms rivals
Updated
Updated · MarketWatch · May 7
INVESCO stock falls 1.90% and underperforms rivals
7 articles · Updated · MarketWatch · May 7
Shares closed at $26.83 on Thursday as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
The decline ended a three-day winning streak, leaving the asset manager's stock 9.39% below its 52-week high of $29.61 reached on 22 January.
INVESCO lagged Morgan Stanley, BlackRock and Goldman Sachs in the market sell-off, while trading volume of 4.8 million was 872,152 below its 50-day average.
As rivals circle its flagship QQQ fund, does Invesco have a secret weapon to win the coming ETF price war?
With BlackRock targeting its main profit engine, is Invesco's stock a deep value buy or a falling knife for investors?