India, Jan. 31 -- W.W. Grainger, Inc. (GWW) saw its stock drop by 7.03 percent during Friday's trading. Despite meeting Wall Street's revenue expectations for the fourth quarter of calendar year 2024, the company's full-year revenue guidance came in below analysts' forecasts, leading to investor concerns.
Currently, GWW is trading at $1,063.95, down 5.52 percent or $62.12 on the Nasdaq. The stock opened at $1,062.20 and traded between $1,031.10 and $1,083.95 during the day. With a 52-week range of $874.98 to $1,227.66, the stock is currently closer to its yearly low. Trading volume was 471,862, surpassing the average volume of 249,766.
In its fourth quarter results, Grainger reported a 5.9 percent year-over-year increase in sales, reachin...