Cintas Corp stock slides 1.81% and underperforms competitors
Updated
Updated · MarketWatch · May 8
Cintas Corp stock slides 1.81% and underperforms competitors
9 articles · Updated · MarketWatch · May 8
Shares closed at $166.97 on Friday as the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average added 0.02% to 49,609.16.
The decline ended a three-day winning streak, while Cintas lagged Aramark, up 0.04% to $45.08, and slightly trailed UniFirst, which fell 1.56% to $252.41.
Cintas finished 27.16% below its 52-week high of $229.24 reached on June 6, and trading volume of 1.6 million was well below its 50-day average of 2.3 million.
Cintas is buying its rival to control half the market. Is this a brilliant long-term play or a costly strategic blunder?
With record earnings but a falling stock, what hidden risk in the UniFirst deal has Wall Street so spooked?