SNA Hits 52-Week High: Can Growth Initiatives Further Drive the Stock?

Shares of Snap-On Incorporated (SNA) hit a new 52-week high of $365.35 on Nov. 13, 2024, before dropping to close trading at$361.26. SNA has seen its shares rise steadily in the past three months, driven by progress on its growth initiatives.In the past three months, Snap-On shares have rallied as much as 30.8% compared with the broader industry’s 16.4% rise and the Zacks Consumer Discretionary sector’s 14.4% growth. The stock also outpaced the S&P 500’s rally of 8.3% in the same period.SNA's 3-Month Stock ...