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Updated · MarketWatch · May 7PPG Industries stock slides 2.33% in weak market session
6 articles · Updated · MarketWatch · May 7
- Shares closed at $108.93 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 two-day winning streak and left PPG 18.36% below its 52-week high of $133.43 reached on 12 February.
- PPG underperformed rivals including 3M, Sherwin-Williams and Masco, while trading volume of 2.1 million shares was slightly below its 50-day average.
With strong earnings but a plunging stock, is paint giant PPG now a market bargain or a value trap? As global crises roil markets, can the world's largest paint company navigate the chaos to protect its future?