RPM International Stock Drops Over 7% Following Lower Q3 Results

(RTTNews) - RPM International Inc. (RPM) shares fell 7.10 percent to $99.13, down $7.57 during Tuesday's trading, after the company reported a year-over-year decline in third quarter results.

The stock opened at $107.00 and has traded between $98.96 and $108.25 so far today. It previously closed at $106.70 on the New York Stock Exchange. Trading volume stands at 806,000 shares, above the average daily volume of around 648,000.

RPM is now trading at the low end of its 52-week range of $98.96 to $141.79.

Net sales came in at $1.48 billion, down from $1.52 billion, while net income dropped to $52.3 million from $61.5 million year over year.