NOV Inc. Stock Underperforms Monday When Compared To Competitors

CTS Corp

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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Blend

Company profile

CTS Corporation is a global manufacturer of sensors, connectivity components, and actuators. The Company designs, manufactures, and sells a line of sensors, connectivity components, and actuators primarily to original equipment manufacturers (OEMs) and supplies for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It operates manufacturing facilities located throughout North America, Asia and Europe and serves various markets globally. The Company’s products consist principally of sensors and actuators used in passenger or commercial vehicles, connectivity components used in telecommunications infrastructure, information technology and other high-speed applications, switches, temperature sensors, and potentiometers supplied to multiple markets, and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.

NOV Inc. Stock Underperforms Monday When Compared To Competitors

5:10 pm ET June 13, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of NOV Inc. (NOV) slipped 8.40% to $18.32 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 3.88% to 3,749.63 and Dow Jones Industrial Average falling 2.79% to 30,516.74. This was the stock's fourth consecutive day of losses. NOV Inc. closed $5.74 short of its 52-week high ($24.06), which the company achieved on March 8th.

The stock underperformed when compared to some of its competitors Monday, as Schlumberger Ltd. (SLB) fell 6.12% to $44.32, Baker Hughes Co. (BKR) fell 5.48% to $33.30, and Dril-Quip Inc. (DRQ) fell 3.79% to $28.20. Trading volume (4.7 M) eclipsed its 50-day average volume of 3.5 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 13, 2022.

(END) Dow Jones Newswires

June 13, 2022 17:10 ET (21:10 GMT)