Avnet Inc (AVT): Today's Featured Wholesale Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelAvnet (AVT) pushed the Wholesale industry lower today making it today's featured Wholesale laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Avnet fell $1.19 (-3.6%) to $31.87 on average volume. Throughout the day, 1,062,755 shares of Avnet exchanged hands as compared to its average daily volume of 913,200 shares. The stock ranged in price between $31.73-$32.91 after having opened the day at $32.73 as compared to the previous trading day's close of $33.06. Other companies within the Wholesale industry that declined today were: Shengkai Innovations (VALV), down 5.6%, Ingram Micro (IM), down 4.8%, Universal Power Group (UPG), down 4.4% and InfoSonics Corporation (IFON), down 3.5%.
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