Why Shares of Materion Are Plunging This Week

Lower-than-expected profitability in 2024 isn't the only reason investors are avoiding the stock this week. With orders coming in lower than expected, management for advanced materials company Materion (MTRN 4.55%) sees a less profitable 2024 than it had initially expected. As a result, the company downwardly revised its 2024 guidance, motivating investors to trim -- or exit completely -- their positions. Adding to investors' concerns, an analyst provided a more bearish outlook on Materion stock during the ...