Why Advance Auto Parts Stock Swooned Today
The company might not see the improvement in "comps" that many investors are expecting.Advance Auto Parts's (AAP 3.19%) stock failed to advance on Tuesday, as a downbeat new analyst note on the automotive goods retail industry dampened sentiment on the company. Investors hit the brakes on the stock, causing it to decline by more than 3% in that trading session. Sticker shockWell before market open that day, Wolfe Research downgraded its recommendation on the industry as a whole to market weight (hold, in ot ...