2023-04-21 08:22:00 ET
CDW (NASDAQ: CDW) stock stumbled this week, falling 12% through Thursday trading, according to data provided by S&P Global Market Intelligence . The S&P 500 declined 0.2% over that time.
The drop put the IT specialist's shares in negative territory for the 2023 year, down 8% so far compared to an 8% increase in the broader market. It was sparked by a warning by the management team of deteriorating selling conditions in key markets like the U.S.
CDW announced preliminary first-quarter results on Tuesday, April 18. The update preempted CDW's scheduled report that's set for May 3, and it covers the selling period that ended in late March.
For further details see:
Why CDW Stock Was Down This Week