Allegion shares slide 1.78% and underperform competitors

6 articles · Updated · MarketWatch · May 8

The stock closed at $134.37 on Friday as the S&P 500 rose 0.84% to 7,398.93 and the Dow added 0.02% to 49,609.16.
The decline ended a two-day winning streak, leaving Allegion 26.62% below its 52-week high of $183.11 reached on 12 February.
Allegion lagged peers including ADT, down 0.43%, and Spectrum Brands, up 3.61%, while trading volume of 995,877 topped its 50-day average of 983,859.

Allegion's stock is falling despite its lead in the booming smart lock market. Is this a buying opportunity or a major red flag?

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