2024-03-11 17:27:22 ET
Summary
- Waters Corporation stock has seen strong momentum, rising over $100 per share in a short period of time.
- The company serves regulated markets with high-quality solutions and has a recurring revenue business model.
- After a tough 2023 and non-convincing outlook for 2024, I am surprised by the share price momentum, making me pleased to take profits in Waters Corporation stock here.
Shares of Waters Corporation ( WAT ) have seen very strong momentum as of recent. In fact, when I looked at the shares as recently as November , Waters was just a $250 stock, as the same shares are now trading about a hundred dollar per share higher!...
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Waters Corporation: A Great (Share Price) Run