2024-06-20 16:00:00 ET
Summary
- Shares of W.W. Grainger have been under pressure in recent months.
- The market appears concerned about cooling growth against a pricey valuation.
- Our expectation is for shares to remain volatile.
Shares of W.W. Grainger, Inc. ( GWW ) are in correction territory, down about 11% from its record high in March. While the stock is a big winner over the past year, the bullish momentum appears to have cooled following a mixed first-quarter earnings report....
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W.W. Grainger Stock: Plenty Of Reasons To Stay Cautious