Powell Industries (POWL) Suffers a Larger Drop Than the General Market: Key Insights

Powell Industries (POWL) ended the recent trading session at $337.07, demonstrating a -7.08% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.07%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq decreased by 1.69%. Coming into today, shares of the energy equipment company had gained 10.52% in the past month. In that same time, the Industrial Products sector gained 4.86%, while the S&P 500 gained 0.94%. An ...