Waters Corp stock rallies 1.32% and outperforms competitors
Updated
Updated · MarketWatch · May 8
Waters Corp stock rallies 1.32% and outperforms competitors
11 articles · Updated · MarketWatch · May 8
The shares closed at $355.13 on Friday, extending gains to a fourth straight session as trading volume reached 1.8 million, above the 50-day average of 1.1 million.
Waters beat rivals including Thermo Fisher Scientific, Danaher and GE Aerospace, all of which fell, during a broader market rise that lifted the S&P 500 0.84% and the Dow 0.02%.
Despite the recent run-up, Waters remains 14.25% below its 52-week high of $414.15 reached on 25 November.
After a $17.5B bet to double its size, is Waters Corp's stock rally the start of a new era or a temporary high?
Can Waters Corp's massive acquisition help it challenge giants like Thermo Fisher, or will integration challenges prove too costly?