BXC Stock Experiences 5% Dip Amidst Lack of Institutional Ratings

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Oct 21, 2024
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The stock of BlueLinx Holdings Inc. (BXC, Financial) showed significant volatility with a sharp decline of 5.08%. The stock is currently priced at $103.97 per share, with a trading volume of 11,272 shares and a turnover rate of 0.13%. The stock's price fluctuation amplitude reached 2.86%.

According to the latest financial data, BlueLinx achieved a revenue of $768 million and a net profit of $14.34 million, resulting in earnings per share of $1.66. The company's gross profit stood at $112 million, with a price-to-earnings ratio of 23.94. Currently, no institutional ratings are available for buy, hold, or sell recommendations for BXC.

In the engineering machinery sector, where BlueLinx operates, the overall market experienced a decline of 0.77%. Despite this, stocks like Acacia and Heramba Electric Plc C/Wts 26/07/2029 (To Pur Com) showed significant upward movements, while Siteone Landscape Supply, Inc., Titan Machinery Inc., and Pool Corporation were notably active. Stocks with significant price fluctuations included Junzhang Digital, Acacia, and Heramba Electric Plc, with amplitudes of 12.89%, 12.05%, and 10.14%, respectively.

BlueLinx Holdings Inc. is engaged in the wholesale distribution of residential and commercial building products across the United States. Its product portfolio is categorized into structural products, including lumber, plywood, and rebar, and specialty products like engineered wood, siding, and outdoor living materials.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.