(Reuters) - "The stock has pushed very hard, up to Friday we had the biggest demand for that stock that we've seen for 3-1/2 years," said John Gunthorp, equity portfolio manager with Hester Capital Management in Austin, Texas, which owns about 150,000 Grainger shares.
Morningstar analyst Matthew Warren said the stock was down on disappointment Grainger did not raise its outlook more, and because the company seems to be buying back less stock after a run-up in its price.
Read more at Reuters.com Hot Stocks News
Morningstar analyst Matthew Warren said the stock was down on disappointment Grainger did not raise its outlook more, and because the company seems to be buying back less stock after a run-up in its price.
Read more at Reuters.com Hot Stocks News
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