WD-40 Company ( (WDFC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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WD-40 Company’s stock experienced an unusual decline despite reporting strong Q4 revenue growth to $163.5M, fueled by a 6% increase in maintenance product sales. The company also achieved an improved gross margin over 55% and announced plans to accelerate share repurchases, signaling confidence in its stock value. Additionally, the divestiture of its UK homecare business for $7.5M underscores a strategic focus on core operations, enhancing its financial stability.
More about WD-40 Company
YTD Price Performance: -16.73%
Average Trading Volume: 133,468
Technical Sentiment Signal: Sell
Current Market Cap: $2.61B
For further insights into WDFC stock on TipRanks’ Stock Analysis page.
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