Martin Marietta Materials stock slides 2.44% and underperforms competitors
Updated
Updated · MarketWatch · May 7
Martin Marietta Materials stock slides 2.44% and underperforms competitors
11 articles · Updated · MarketWatch · May 7
Shares closed at $600.49 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 the stock 15.54% below its 52-week high of $710.97 reached on 10 February.
Martin Marietta lagged rival Vulcan Materials, whose shares fell 2.30% to $288.93, while trading volume of 478,281 stayed below the 50-day average of 523,274.
With construction costs surging, can Martin Marietta's optimistic guidance actually be met this year?
Is Martin Marietta's huge acquisition spree a brilliant expansion or a poorly timed gamble?