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Updated · MarketWatch · May 8Sherwin-Williams stock falls 1.06% but outperforms rivals
10 articles · Updated · MarketWatch · May 8
- The shares closed at $316.82 on Friday, their second straight daily decline, while the S&P 500 rose 0.84% and the Dow added 0.02%.
- Sherwin-Williams still fared better than Home Depot, down 1.61%, Lowe's, down 0.73%, and Target, down 0.50% in the same session.
- The stock finished 16.55% below its 52-week high of $379.65 reached on 22 August, and trading volume of 1.2 million was well below its 50-day average.
With its stock falling despite strong earnings, is Sherwin-Williams a value trap or a buying opportunity? Can Sherwin-Williams' price hikes truly offset a major slowdown in the home improvement market?