EMCOR Hits 52-Week High: Is the Stock Still Worth Buying?
EMEEMCOR(EME) ZACKS·2024-09-24 01:56

EMCOR Group, Inc. (EME) shares reached a new 52-week high of 437.10onFriday.Thestockpulledbacktoendthetradingsessionat437.10 on Friday. The stock pulled back to end the trading session at 435.60, gaining 1.3% that day. Impressively, the stock marked a 9.9% surge in the past five days.The move came in after the most awaited interest rate cut news, which boosted the overall market sentiments. On Wednesday, the Federal Reserve announced an interest rate cut by 50 cents to a range of 4.75% to 5%. Reduced interest rates can have a highly supportive effect on infrast ...