NewsHK
Powell Industries (POWL) shares closed at $168.79 in the latest trading session, marking a 7.66% decline from the previous day.
The energy equipment maker underperformed broader market benchmarks, as the S&P 500 registered a daily loss of 1.11%, the Dow dropped 0.09%, and the Nasdaq decreased by 1.88%.
Despite the recent sell-off, the stock has appreciated by 6.66% over the past month.
This monthly performance outpaced the Industrial Products sector, which recorded a loss of 1.41%, and the S&P 500, which gained 2.06% over the same period.
Keep reading