Waters Corp. Stock Falls Friday, Underperforms Market
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Shares of Waters Corp. (WAT) shed 7.15% to $322.21 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.28% to 3,895.08 and the Dow Jones Industrial Average rising 2.13% to 33,630.61. This was the stock's second consecutive day of losses. Waters Corp. closed $46.79 short of its 52-week high ($369.00), which the company achieved on August 1st.
The stock underperformed when compared to some of its competitors Friday, as Thermo Fisher Scientific Inc. (TMO) fell 3.94% to $535.00, Danaher Corp. (DHR) fell 1.07% to $252.49, and General Electric Co. (GE) rose 0.91% to $71.94. Trading volume (1.3 M) eclipsed its 50-day average volume of 333,988.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 6, 2023.
(END) Dow Jones Newswires
January 06, 2023 17:33 ET (22:33 GMT)
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