Precision Castparts Corp. (PCP): Today's Featured Industrial Goods Laggard
Precision Castparts (PCP) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.6%. By the end of trading, Precision Castparts fell $2.11 (-1.3%) to $156.08 on average volume. Throughout the day, 814,566 shares of Precision Castparts exchanged hands as compared to its average daily volume of 703,500 shares. The stock ranged in price between $155.58-$158.64 after having opened the day at $157.58 as compared to the previous trading day's close of $158.19. Other company's within the Industrial Goods sector that declined today were: Chicago Bridge & Iron Company (CBI), down 14.2%, Armstrong World Industries (AWI), down 12.8%, Highway Holdings (HIHO), down 12.4%, and Lincoln Electric Holdings (LECO), down 9%.
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