Pool Corp: Why is this Warren Buffett-backed stock down 53%?

Core Viewpoint - Pool Corp's stock price has experienced a significant decline, reaching its lowest level since 2020, with a drop of approximately 53% from its peak this year, resulting in a loss of $16 billion in market value [1] Company Summary - The stock price of Pool Corp has fallen sharply, indicating a challenging market environment for the company [1] - The decline in stock value reflects broader trends affecting the industry, potentially signaling reduced investor confidence [1]