TE Connectivity stock slides for second consecutive day
Updated
Updated · MarketWatch · May 8
TE Connectivity stock slides for second consecutive day
8 articles · Updated · MarketWatch · May 8
Shares fell 1.84% to $206.20 on Friday, while the S&P 500 rose 0.84% and the Dow Jones Industrial Average added 0.02%.
The stock closed 18.36% below its 52-week high of $252.56 reached on 21 April, underperforming in an otherwise favourable broader market session.
Among peers, Qualcomm gained 8.17%, Intuit fell 2.57% and Texas Instruments rose 0.90%, while TE Connectivity trading volume of 2.6 million topped its 50-day average.
After a 'sell-the-news' plunge, is this stock a bargain or a value trap for investors?
Is a hidden tech challenge threatening to derail this industrial giant's AI growth story?