LECO fell 2.53% in the first sharp move today as a broad risk-off selloff hit U.S. equities. The S&P 500 and Nasdaq declined sharply while the VIX surged, and LECO moved broadly in line with that market pressure, with no company news behind it. Recent analyst target increases and the October 27 earnings release remained positive background for the stock.
LECO fell 2.53% in the first sharp move today as a broad risk-off selloff hit U.S. equities. The S&P 500 and Nasdaq declined sharply while the VIX surged, and LECO moved broadly in line with that market pressure, with no company news behind it. Recent analyst target increases and the October 27 earnings release remained positive background for the stock.