Xylem stock slips 2.49% but outperforms peers in market sell-off
Updated
Updated · MarketWatch · May 7
Xylem stock slips 2.49% but outperforms peers in market sell-off
7 articles · Updated · MarketWatch · May 7
Shares closed at $115.64 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, but Xylem still fared better than Dover, whose shares fell 2.76% to $220.90.
Xylem finished 25.04% below its 52-week high of $154.27 reached on 30 October, while trading volume rose to 2.6 million, above its 50-day average of 2.2 million.
After beating earnings and raising guidance, why did Xylem’s stock price suddenly drop?
Can Xylem’s PFAS growth strategy overcome its 30% revenue collapse in the critical China market?