Why TE Connectivity Stock Plummeted This Week
TE Connectivity (NYSE: TEL) stock got hit with a substantial valuation pullback this week following the company's latest quarterly release. Amid the backdrop of a 0.5% gain for the S 500 and a 1.5% jump for the Nasdaq Composite, the company's share price fell 12.8% over the stretch.
On April 22, TE published results for the second quarter of its current fiscal year -- a period which ended March 27. Despite the sell-offs this week, the stock is still up roughly 50% over the last year.
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Source Fool.com
