Powell Industries (POWL) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Powell Industries (POWL) closed at $211.91, marking a -2.08% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.61% for the day. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.95%. Heading into today, shares of the energy equipment company had gained 16.5% over the past month, outpacing the Industrial Products sector's gain of 5.35% and the S&P 500's gain of 3.85%.Investors wil ...