Here's Why Stanley Black & Decker Stock Slumped in October, and Why It Could Be a Buying Opportunity
Stanley Black & Decker(SWK) The Motley Fool·2024-11-04 11:01The toolmaker's earnings report was disappointing, but understandable given the circumstances.Shares in tools and industrial products company Stanley Black & Decker (SWK 0.47%) slumped by 15.6% in October, according to data from S&P Global Market Intelligence. You have to look no further than the company's third-quarter 2024 earnings report for the reason for the fall. In a nutshell, the company took a step back in its recovery path, and management's commentary indicated that it would take a bit longer than ...