Why Investors Bailed on Core & Main Stock This Week [Yahoo! Finance]
Core & Main, Inc. Class A (CNM)
Company Research
Source: Yahoo! Finance
In the abbreviated trading week, the specialized industrial company's stock tumbled by almost 21%, according to data compiled by S&P Global Market Intelligence . The major news from the company during the period wasn't very encouraging, after all. Nor was the resulting clutch of analyst price target reductions. A quarter to forget Core & Main, which concentrates on products for utilities and large industrial clients, reported its second-quarter earnings Wednesday before the market open. The good news was that sales rose by nearly 6% (to $1.96 billion), and net income ticked up by 8% to $119 million, or $0.61 per share. Discouragingly, though, both headline metrics came in well under the average analyst estimates. Compounding that, Core & Main management trimmed its guidance for full-year revenue. It attributed both its disappointing performance and the guidance modification to weather disruptions, among other factors. Analysts get more gloomy In the following days, several p
Show less
Read more
Impact Snapshot
Event Time:
CNM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CNM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CNM alerts
High impacting Core & Main, Inc. Class A news events
Weekly update
A roundup of the hottest topics
CNM
News
- A Look Back at Infrastructure Distributors Stocks' Q2 Earnings: Core & Main (NYSE:CNM) Vs The Rest Of The Pack [Yahoo! Finance]Yahoo! Finance
- Core & Main Completes Acquisition of Green Equipment CompanyBusiness Wire
- Core & Main: 40% Selloff Since May, But I Am Not Buying Yet [Seeking Alpha]Seeking Alpha
- Core & Main Completes Acquisition of GroGreen Solutions Georgia LLCBusiness Wire
- Core & Main (CNM) Is Considered a Good Investment by Brokers: Is That True? [Yahoo! Finance]Yahoo! Finance
CNM
Earnings
- 9/4/24 - Miss
CNM
Sec Filings
- 9/4/24 - Form 10-Q
- 9/4/24 - Form 8-K
- 7/24/24 - Form 4
- CNM's page on the SEC website