SPX Technologies Stock Falls as Investors Weigh Data-Center Growth Against a Rich Valuation
SPX Technologies, Inc. shares fell Friday afternoon, putting fresh pressure on a stock that has been priced for continued growth in HVAC and detection-and-measurement markets. The NYSE-listed stock was recently at $223.22, down about 4.4% from its previous close, with volume above 1 million shares and a market value of roughly $11.28 billion. The decline stood out against a firmer U.S. market backdrop, with major indexes rising Friday as oil prices eased.
