Why Advance Auto Parts Stock Dropped 30% in March
Advance Auto Parts (NYSE: AAP) stock declined 30% last month, a steeper loss than the 12.5% dip taken by the S&P 500, according to data provided by S&P Global Market Intelligence. So far in 2020, the auto parts retailer's shares are down 36%.
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The company was caught up in the market turmoil caused by the COVID-19 pandemic and the prospect that efforts to stem its spread will push economies around the world into contraction.
Source Fool.com
