Heavy trading accompanied RBC Bearings' continued post-earnings decline in a broad risk-off session
Unusual Price Movement
Heavy trading accompanied RBC Bearings' continued post-earnings decline in a broad risk-off session
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No new catalyst: RBC is down about 3.4%, with unusually heavy trading on top of the earlier post-earnings move. RBC Bearings reported fiscal Q2 sales and adjusted EPS above estimates and issued third-quarter sales guidance. The S&P 500 and Nasdaq fell and volatility rose. The broad selloff added pressure, while RBC's decline exceeded the moves in its industrial peers.
No new catalyst: RBC is down about 3.4%, with unusually heavy trading on top of the earlier post-earnings move. RBC Bearings reported fiscal Q2 sales and adjusted EPS above estimates and issued third-quarter sales guidance. The S&P 500 and Nasdaq fell and volatility rose. The broad selloff added pressure, while RBC's decline exceeded the moves in its industrial peers.