Powell Industries (POWL) Stock Sinks As Market Gains: Here's Why
Powell Industries (POWL) closed the most recent trading day at $307.77, moving -2.98% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.06%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.39%. Heading into today, shares of the energy equipment company had gained 23.36% over the past month, outpacing the Industrial Products sector's gain of 1.09% and the S&P 500's gain of 3.94%.Market participants will be closely following the fina ...