Motorola Solutions shares plunge 11.36% and underperform rivals
Updated
Updated · MarketWatch · May 8
Motorola Solutions shares plunge 11.36% and underperform rivals
6 articles · Updated · MarketWatch · May 8
The stock closed at $383.99 on Friday, its third straight daily loss, as the S&P 500 rose 0.84% and the Dow Jones Industrial Average edged up 0.02%.
Motorola Solutions ended 21.99% below its 52-week high of $492.22 reached on 11 September, while L3Harris, Tyler Technologies and Axon Enterprise posted smaller declines.
Trading volume reached 3.1 million shares, far above the 50-day average of 975,897, indicating unusually heavy selling despite a broadly strong market session.
With insiders selling millions, is Motorola's 11% plunge just the beginning?
Why did Motorola's stock crash after a record earnings report and upgraded forecast?
Can Motorola's AI acquisitions overcome the supply chain crisis threatening its profits?