AutoZone Inc. (AZO) Dips 4.41% for September 24

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday September 24 was AutoZone Inc. (AZO). The stock experienced a 4.41% decline to $1,096.63 with 668,993 shares changing hands.

AutoZone Inc. started at an opening price of 1,160.00 and hit a high of $1,164.85 and a low of $1,082.11. Ultimately, the stock took a hit and finished the day at $50.63 per share. AutoZone Inc. trades an average of n/a shares a day out of a total 24.53 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. AutoZone Inc. hit a high of $1,186.60 and a low of $705.01 over the last year.

AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, just over 20% in fiscal 2018, and has a growing presence in Mexico and Brazil. AutoZone had 6,202 stores in the U.S., Mexico, and Brazil as of the end of fiscal 2018.

With its headquarters located in Memphis, TN, AutoZone Inc. employs 90,000 people. After today’s trading, the company’s market cap has fallen to $26.9 billion, a P/S of n/a, a P/B of -16.92, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on AutoZone Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: AZO’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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