FEMSA Stock Declines 20.8% YTD: Is a Recovery on the Horizon?

Fomento Economico Mexicano S.A.B. de C.V. (FMX) alias FEMSA shares have witnessed a pullback from the beginning of 2024, with the stock declining as much as 20.8% in the year-to-date period. This pullback in share price relates to the challenges in the Health division that have impacted its performance in recent quarters. FEMSA's Health division is in a weak spot due to its operations in diverse and often challenging macroeconomic and commercial environments. The Health division is facing complex, competiti ...