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DOW Stock Down 24% in 3 Months: Should You Buy the Dip?
DowDow(US:DOW) ZACKS·2024-12-19 14:26

Dow Inc.’s (DOW) shares have lost 23.9% in the past three months, underperforming the Zacks Zacks Chemicals Diversified industry’s decline of 7%. The bearishness reflects headwinds from soft end-market demand amid an unfavorable macroeconomic environment and pricing pressure, which have weighed heavily on the stock. Technical indicators show that DOW has been trading below the 200-day simple moving average (SMA) since Oct. 7, 2024. The stock is also trading below the 50-day SMA since Oct. 21, 2024. Followin ...