Grainger (GWW) Hits 52-Week Low: What's Dragging It Down?
Zacks Investment Research | May 17, 2017 09:26PM ET
Shares of W.W. Grainger, Inc. (NYSE:GWW) touched a 52-week low of $173.50 on May 17, recovering to close the day at $174.77.
In fact, the provider of MRO solutions has underperformed the Zacks categorized Industrial Services sub-industry with respect to price performance in the past one year. While this Zacks Rank #5 (Strong Sell) stock lost around 21.2%, the industry recorded growth of 6.7% over the same time frame.
Grainger has a market cap of roughly $10.2 billion. Average volume of shares traded in the last three months is around 916K. The company missed the Zacks Consensus Estimate in two out of the trailing four quarters, with an average negative surprise of 2.01%. The stock has lost nearly 24.8% year to date. Let’s delve deeper to find out what’s leading to this bearish run.
W.W. Grainger, Inc. Price and Consensus
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