Keysight Technologies Inc. Stock Underperforms: Competitor Comparison and Market Analysis
Overview of Keysight Technologies Inc.’s Performance
Keysight Technologies Inc. (KEYS, -0.83%) witnessed a decline in its stock price on Monday, indicating underperformance when compared to its competitors. This article analyzes the market session and provides insights into the stock’s recent performance.
Key Insights from the Trading Session
During Monday’s trading session, Keysight Technologies Inc. experienced a 1.11% slide, closing at $161.45. This decrease occurred amidst a generally poor performance in the stock market, with the S&P 500 Index (SPX, +0.22%) dropping 0.20% to 4,273.79 and the Dow Jones Industrial Average (DJIA, +0.14%) falling 0.59% to 33,562.86.
Snapping the Winning Streak
The decline in Keysight Technologies Inc.’s stock price marked the end of a two-day winning streak. Investors observed a reversal in the positive momentum previously seen in the stock.
Comparison with Competitors
In comparison to its industry peers, Keysight Technologies Inc. demonstrated underperformance in Monday’s session. Emerson Electric Co. (EMR, -0.29%) witnessed a 0.75% decrease, closing at $82.19. On the other hand, Agilent Technologies Inc. (A, +0.54%) experienced a slight 0.11% rise, reaching $118.35. Rockwell Automation Inc. (ROK, +0.55%) encountered a 0.39% decline, closing at $291.71.
Analysis of Trading Volume
The trading volume for Keysight Technologies Inc. on Monday amounted to 770,438 shares. This figure remained 387,396 shares below the 50-day average volume of 1.2 million shares, indicating a relatively lower level of market activity.
Insights from Automated Insights
Editor’s Note: The following story was auto-generated by Automated Insights, a provider of automation technology. The data utilized in this article is sourced from Dow Jones and FactSet. Please refer to our market data terms of use for further information.
Frequently Asked Questions
Keysight Technologies stock has been dropping in recent months due to a number of factors, including:,
A slowdown in the global economy, which has led to lower demand for Keysight’s products and services.
Increased competition from Chinese rivals.
Concerns about Keysight’s ability to innovate and keep up with the latest technological trends.
The CEO of Keysight Technologies is Michael McMullen. McMullen has been CEO of Keysight since 2015. He has over 30 years of experience in the technology industry, and he previously served as CEO of Agilent Technologies.
In 2022, Keysight Technologies was accused of using forced labor in China. The accusations stemmed from a report by the Australian Strategic Policy Institute, which found that Keysight had sourced components from a factory in China that was using forced labor from Uyghur Muslims. Keysight denied the allegations, but it has since taken steps to improve its supply chain due diligence
Keysight Technologies is ranked 2,362nd on the Fortune 500 list of the largest U.S. corporations. The company has a market capitalization of over $20 billion.
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