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Updated · MarketWatch · May 8Stanley Black & Decker stock rises and outperforms rivals
8 articles · Updated · MarketWatch · May 8
- Shares gained 1.08% to $81.07 on Friday as the S&P 500 rose 0.84% and the Dow Jones Industrial Average added 0.02%.
- The stock beat peers including Danaher, down 2.56%, Illinois Tool Works, down 0.30%, and Parker Hannifin, down 0.68%.
- Stanley Black & Decker closed 13.17% below its 52-week high of $93.37, while trading volume of 1.5 million stayed below its 50-day average.
A geopolitical shock recently tanked SWK's stock. Has it truly fortified its supply chain against the next global crisis? After selling a major unit to slash debt, can SWK still fund its ambitious growth and share buyback promises? With cordless tools surging, can SWK's proprietary batteries dominate a future $113 billion global market?