Acuity Brands Sharply Lower After Q1 Report

After a much lower open, it continued in that direction until it finally found support at $193.06 and staged a rebound. That marks the lowest level for the issue since February 24, 2016, when it bottomed at $191.95. Since reaching that depressed level, it has rebounded all the way to $212.24. That is far shy of the lower end of Friday's range, at $236.42.

At this time, it is drifting back to the $200 area. Acuity Brands has not closed below $200 since February 24, 2016 (same day as the $191.95 low), when it ended that session at $196.75.