Tuesday, May 30, 2017

Why WESCO International Stock Price Fell in April

The stock price of industrial distribution company WESCO International (NYSE:WCC) fell around 12% in April driven by a disappointing set of first-quarter earnings. As you can see in the chart below it's not been a happy time for investors in industrial wholesale and distribution stocks. Fastenal Company (NASDAQ:FAST) and MSC Industrial Co Inc. (NYSE:MSM)have also reported disappointing results this earnings season

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