Snap Stock- Snap-On Inc. stock falls Wednesday, underperforms market
Shares of Snap-On Inc.
slid 3.22% to $223.66 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
falling 0.54% to 4,223.70 and Dow Jones Industrial Average
falling 0.77% to 34,033.67. This was the stock’s eighth consecutive day of losses. Snap-On Inc. closed $36.33 below its 52-week high ($259.99), which the company achieved on May 10th.
The stock underperformed when compared to some of its competitors Wednesday, as Illinois Tool Works Inc.
fell 1.77% to $227.90, Stanley Black & Decker Inc.
fell 2.72% to $196.74, and Makita Corp. ADR
rose 2.28% to $47.18. Trading volume (1.1 M) eclipsed its 50-day average volume of 367,280.