Why Shares of TransDigm Fell in January
Shares of TransDigm Group (NYSE: TDG) fell 10.6% in January, according to data provided by S&P Global Market Intelligence, despite not a lot of company news. Investors are still grappling with how to think about commercial aerospace suppliers as the pandemic hopefully subsides, and there wasn't a lot of reason for optimism as the month went on.
TransDigm is a diversified manufacturer of parts for military and commercial aerospace applications, but the majority of its profits come from spare part sales to airlines and commercial operators. The stock lost more than half of its value in the early days of the pandemic, but slowly regained most of what it lost as 2020 progressed.
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Source Fool.com
