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Why Grainger's Shares Slumped in January

Lee Samaha, The Motley Fool
·2 min read
Why Grainger's Shares Slumped in January

Shares in industrial maintenance, repair, and operating supply company W.W.Grainger (NYSE: GWW) fell 10.8% in January according to data provided by S&P Global Market Intelligence. The move comes in the context of a difficult month for industrial supply companies, including Fastenal (NASDAQ: FAST) and MSC Industrial Direct (NYSE: MSM). First, Fastenal and MSC Industrial gave results in January (Grainger released results in early February) and their nonsafety/nonpersonal protective equipment (PPE) sales weren't enough to convince investors that they were in recovery mode just yet.

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