Advance Auto Parts Inc. stock falls Thursday, underperforms market – MarketWatch

Shares of Advance Auto Parts Inc. AAP, +2.95% slipped 1.90% to $191.56 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, +1.89% falling 0.08% to 4,151.94 and Dow Jones Industrial Average DJIA, +1.00% falling 0.26% to 32,726.82. Advance Auto Parts Inc. closed $52.99 short of its 52-week high ($244.55), which the company reached on January 5th.
The stock underperformed when compared to some of its competitors Thursday, as O’Reilly Automotive Inc. ORLY, -0.04% rose 0.22% to $706.92, AutoZone Inc. AZO, +0.11% rose 0.75% to $2,164.13, and Genuine Parts Co. GPC, +0.12% fell 0.73% to $149.93. Trading volume (523,011) remained 278,945 below its 50-day average volume of 801,956.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Stocks that have recently benefited from “disinflation,” or a declining rate of inflation, have outperformed inflation beneficiaries since the middle of 2022.

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