Genuine Parts shares are trading lower in sympathy with Advance Auto Parts after the company reported weak Q1 results and cut guidance.
Portfolio Pulse from Benzinga Newsdesk
Genuine Parts shares are trading lower in sympathy with Advance Auto Parts after the company reported weak Q1 results and cut guidance.
May 31, 2023 | 12:58 pm
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NEGATIVE IMPACT
Genuine Parts shares are trading lower due to weak Q1 results and guidance cut by Advance Auto Parts.
Genuine Parts shares are trading lower as a result of weak Q1 results and guidance cut by Advance Auto Parts. This news negatively impacts the sentiment around the auto parts industry, causing a decline in GPC's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80