Loading...
Loading...
shares are trading lower by $24.00 at $85.32 in Tuesday's session. The catalyst for the 20-percent plus decline appears to be a Q2 EPS miss of 9 cents while sales came in line.
The stock has lost over half of its value since it peaked in November 2014 at $201.24. Much of the decline has taken place since December, when it rebounded off its November low ($134.08) and peaked at $177.83.
After a $17 plus lower open, it had only a$1 rebound to $93.00, before another wave of sellers swarmed the issue. The ensuing decline took the issue to $82.21 but has rebounded back to the mid $85.00 handle.
The issue is now trading at levels not seen since October 2013, when it bottomed at $80.28.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
