DuPont Shares Up 17% in 6 Months: What’s Driving the Stock?
Shares of DuPont de Nemours, Inc. (NYSE: DD) have gained 16.5% over the past six months. The company has also outperformed its industry’s rise of 4.5% over the same time frame. DD has also topped the S&P 500’s roughly 9.5% increase over the same period.
Let’s take a look into the factors that are driving this Zacks Rank #3 (Hold) stock.
Image Source: Zacks Investment Research
Productivity, Innovation & Acquisitions Aid DD
DuPont is benefiting from its innovation-driven investment, productivity actions and acquisitions. The company remains focused on driving growth through innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. DD remains committed to driving returns from its R&D investment.
DuPont, in August 2023, completed the buyout of leading manufacturer of specialty medical devices and components, Spectrum Plastics Group from AEA Investors for $1.75 billion. The acquisition strengthens DuPont’s existing position in stable and fast-growing healthcare end markets. It is also in sync with its focus on high-growth, customer-driven innovation …
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