Yahoo Finance Why Fortive (FTV) Stock Is Trading Lower Today
What Happened:
Shares of industrial technology company Fortive (NYSE:FTV) fell 7.3% in the morning session after the company reported second-quarter earnings results. Its revenue and EPS were in line with expectations, while its full-year revenue guidance was slightly below Wall Street's estimates. The results were likely impacted by what management called "delays in certain end markets." Overall, this was a bad quarter for Fortive.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Fortive? Access our full analysis report here, it's free.
What is the market telling us:
Fortive's shares are somewhat volatile and over the last year have had 3 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.
Fortive is down 0.6% since the beginning of the year, and at $71.77 per share it is trading 16.8% below its 52-week high of $86.29 from February 2024. Investors who bought $1,000 worth of Fortive's shares 5 years ago would now be looking at an investment worth $873.01.
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