GWW Stock Summary and Trading Ideas (W.W. Grainger | NYSE:GWW)

W.W. Grainger distributes approximately 1.5 million maintenance, repair, and operating products that are sourced from over 4,500 suppliers. The company serves roughly 5 million customers through its online and electronic purchasing platforms, vending machines, catalog distribution, and network of over 300 global branches. In recent years, Grainger has invested in its e-commerce capabilities and is the 11th-largest e-retailer in North America.

W.W. Grainger trades on the NYSE stock market under the symbol GWW.

As of April 19, 2024, GWW stock price climbed to $942.65 with 243,535 million shares trading.

GWW has a beta of 1.08, meaning it tends to be more sensitive to market movements. GWW has a correlation of 0.33 to the broad based SPY ETF.

GWW has a market cap of $46.35 billion. This is considered a Large Cap stock.

Last quarter W.W. Grainger reported $4 billion in Revenue and $8.33 earnings per share. This fell short of revenue expectation by $-43 million and exceeded earnings estimates by $.28.

In the last 3 years, GWW stock traded as high as $1,034.18 and as low as $391.16.

The top ETF exchange traded funds that GWW belongs to (by Net Assets): VTI, VOO, VO, SPY, VUG.

GWW has outperformed the market in the last year with a return of +42.6%, while the SPY ETF gained +21.2%. In the last 3 month period, GWW beat the market returning +8.3%, while SPY returned +4.3%. However, in the most recent 2 weeks GWW has underperformed the stock market by returning -5.1%, while SPY returned -3.5%.

GWW support price is $924.01 and resistance is $951.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GWW stock will trade within this expected range on the day.