CDW Corp stock slides 4.91% and underperforms competitors
Updated
Updated · MarketWatch · May 8
CDW Corp stock slides 4.91% and underperforms competitors
12 articles · Updated · MarketWatch · May 8
Shares closed at $104.79 as the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average edged up 0.02% to 49,609.16.
CDW lagged Amazon, up 0.56%, and Accenture, up 0.13%, while Adobe fell 1.35% in the same session.
The stock finished 45.51% below its 52-week high of $192.30 reached on 14 May, while trading volume of 2.7 million topped its 50-day average of 1.7 million.
With its stock down 45%, is tech provider CDW a deep bargain or a classic value trap for investors?
Is CDW's stock plunge a warning that the AI gold rush could crush profitability for the entire IT services sector?