Nordson Stock Tumbles After Company Trims Sales and Earnings Guidance
NDSNNordson(NDSN) investopedia.com·2024-05-21 20:00

Key Takeaways Nordson shares traded sharply lower ahead of Tuesday's opening bell after the industrial equipment maker trimmed its annual sales and earnings outlook. The company cited weakness in electronic end markets orders and challenges from the agriculture cycle in Europe for its softer-than-expected guidance. Nordson shares find support around $230 from a horizontal line linking a series of price action over the past 20 months that sits in close proximity to a golden cross pattern that formed in late ...