Why Shares of Chart Industries Plummeted This Week
While the S&P 500 dipped 1% lower this week, shares of Chart Industries (NYSE: GTLS) fared much worse. As of the market's close today, shares of Chart Industries, a manufacturer of equipment used in energy and industrial gas applications, fell 9.4% since last Friday's trading session, according to data provided by S&P Global Market Intelligence. Evidently, the company's acquisition of Howden and the bearish opinions echoing on Wall Street this week regarding the stock spooked investors, causing the sell-off.