Why Hexcel Shares Slumped in February
Shares in aerospace composite technology company Hexcel (NYSE: HXL) declined 12.9% in February, according to data provided by S&P Global Market Intelligence.
Since the company reported a well-received set of fourth quarter earnings at the start of February, it's a pretty safe bet that the decline is largely down to the general market fears over the economic impact of the COVID-19 outbreak. In addition, the company's deal to merge with defense component company Woodward (NASDAQ: WWD) was also welcomed by the market, so it's not that either.
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Source Fool.com
