Waters Corp. Stock Falls Tuesday, Underperforms Market
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Shares of Waters Corp. (WAT) shed 3.87% to $309.13 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.53% to 3,986.37 and Dow Jones Industrial Average falling 1.72% to 32,856.46. This was the stock's second consecutive day of losses. Waters Corp. closed $59.87 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 Tuesday, as Thermo Fisher Scientific Inc. (TMO) fell 1.73% to $548.83, Danaher Corp. (DHR) fell 1.84% to $245.25, and General Electric Co. (GE) fell 0.77% to $86.39. Trading volume (489,724) eclipsed its 50-day average volume of 345,934.
Data source: Dow Jones Market Data, FactSet. Data compiled March 7, 2023.
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March 07, 2023 17:32 ET (22:32 GMT)
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