Builders FirstSource stock sheds 2.53% and underperforms competitors
Updated
Updated · MarketWatch · May 8
Builders FirstSource stock sheds 2.53% and underperforms competitors
6 articles · Updated · MarketWatch · May 8
Shares closed at $77.40 on Friday, marking a second straight daily loss even as the S&P 500 rose 0.84% and the Dow Jones Industrial Average edged up 0.02%.
The stock lagged peers including Trex, which gained 2.58%, while Carlisle slipped 0.02% and TopBuild was unchanged.
Builders FirstSource ended 48.75% below its 52-week high of $151.03 reached on 5 September, while trading volume of 2.0 million was below its 50-day average of 2.5 million.
With a rival's $17B merger, how will BLDR defend its market share amid declining profits and a housing slump?
Why do analysts predict a 31% upside for BLDR despite its net loss and the current housing market slump?