DOW Trading Cheaper Than Industry: Should You Buy the Stock?

Key TakeawaysDOW stock is trading at a roughly 32% discount to its 52-week high of $60.69, reached on April 4, 2024.Technical indicators show DOW stock trading below the 200-day simple moving average (SMA) since Oct. 7.DOW faces challenges from demand softness abroad, with lower consumer spending and inflationary pressures.Dow Inc.’s (DOW) stock looks attractive from a valuation standpoint. DOW is currently trading at a forward price/earnings of 15.18X, a roughly 6.8% discount when stacked up with the Zacks ...