S&P Global stock slides 2% and underperforms rivals
Updated
Updated · MarketWatch · May 8
S&P Global stock slides 2% and underperforms rivals
11 articles · Updated · MarketWatch · May 8
The shares closed at $420.12 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.
S&P Global lagged Moody's, down 1.26%, MSCI, down 0.50%, and Equifax, which rose 0.12%, despite the broader market's gains.
The stock finished 27.45% below its 52-week high of $579.05 reached on 14 August, while trading volume of 1.9 million was slightly below its 50-day average.
Analysts say S&P Global is a 'Strong Buy' after a big stock drop. What key risk is the market seeing?
With its Mobility division gone, can S&P Global’s core business justify bullish price targets, or is its stock still overvalued?
With its new AI platform, can S&P Global out-innovate competitors and reverse its recent market underperformance?