Why PPG Industries Stock Fell 20% in the First Half of 2020
Shares in paint and coatings company PPG Industries (NYSE: PPG) declined 20.5% in the first half of 2020, according to data provided by S&P Global Market Intelligence. The decline is understandable as PPG is a company whose sales tend to correlate with the industrial economy, and in particular the construction and automotive markets.
If the COVID-19 pandemic has negatively impacted the near-term outlook (automotive plants shut down, construction activity halted, industrial production curtailed) for these industrial end markets, then it's no surprise that PPG stock will be sold off accordingly.
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Source Fool.com
