TE Connectivity stock slides 2.83% and underperforms rivals
Updated
Updated · MarketWatch · May 7
TE Connectivity stock slides 2.83% and underperforms rivals
11 articles · Updated · MarketWatch · May 7
Shares closed at $210.06 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, while Qualcomm rose 5.18%, Intuit gained 4.69% and Texas Instruments fell 1.45%.
TE Connectivity finished 16.83% below its 52-week high of $252.56 reached on 21 April, with trading volume of 2.4 million slightly below its 50-day average.
TE Connectivity projects record growth and buys back shares, so why are company insiders quietly selling millions of dollars in stock?
With record profits but a falling stock, can TE Connectivity's AI and EV strategy survive the worsening global electronics supply chain crisis?