Why Shares of DuPont Were Down in January
Shares of DuPont de Nemours (NYSE: DD) lost 20.3% in January, according to data provided by S&P Global Market Intelligence, as investors were forced to adjust expectations due to challenging global macroeconomic issues. This is a company with a lot of potential, but it is going to take some time for that potential to play out.
Shares of DuPont, one of three publicly traded companies formed out of the 2019 breakup of DowDuPont, were under pressure for most of the month as investors fretted about weakness in nylon pricing and in end markets like automotive. China's coronavirus outbreak, while offering a potential boost to sales of medical suits and protective gear, also threatens to slow the global economy and eat into DuPont results.
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Source Fool.com
