Why is wd40 stock dropping?

Why is wd40 stock dropping?

In a conference call with investors, CEO Garry Ridge said that the slump was mainly due to normal volatility associated with the business, which has been amplified by the pandemic.

Is wd40 a good stock to buy?

Trading on more than 40 times its 2021 earnings and 39 times the midpoint of management’s 2022 guidance, WD-40 remains a highly rated stock.

Is wd40 publicly traded?

12. How can I invest in WD-40 Company? WD-40 Company is a publicly traded company. It is traded on the NASDAQ under the ticker symbol WDFC.

What was WD-40 created for?

Larsen.” “WD-40” is abbreviated from the term “Water Displacement, 40th formula”, suggesting it was the result of the 40th attempt to create the product. The spray, composed of various hydrocarbons, was originally designed to be used by Convair to protect the outer skin of the Atlas missile from rust and corrosion.

What is WD-40 spray?

Product description Wd-40 multi-use product protects metal from rust and corrosion, penetrates stuck parts, displaces moisture and lubricates almost anything. It even removes grease, grime and more from most surfaces. For powerful versatility, count on the blue and yellow wd-40 can to help you live life hands on.

What does WD40 company do?

The WD-40 Company, originally the Rocket Chemical Company, is an American manufacturer of household and multi-use products, including its signature brand, WD-40, as well as 3-In-One Oil, Lava, Spot Shot, X-14, Carpet Fresh, GT85, 1001, Solvol, 2000 Flushes and No Vac.

Is WD a buy?

Out of 3 analysts, 1 (33.33%) are recommending WD as a Strong Buy, 2 (66.67%) are recommending WD as a Buy, 0 (0%) are recommending WD as a Hold, 0 (0%) are recommending WD as a Sell, and 0 (0%) are recommending WD as a Strong Sell. What is WD’s earnings growth forecast for 2022-2024?

What was WD-40 originally designed for?

rust and corrosion
Larsen.” “WD-40” is abbreviated from the term “Water Displacement, 40th formula”, suggesting it was the result of the 40th attempt to create the product. The spray, composed of various hydrocarbons, was originally designed to be used by Convair to protect the outer skin of the Atlas missile from rust and corrosion.

What is WD-40 classified as?

1 – Identification. Product Name: WD-40 Multi-Use Product Aerosol. Product Use: Lubricant, Penetrant, Drives Out. Moisture, Removes and Protects Surfaces From. Corrosion.

Did NASA invent WD-40?

“Norm Larsen, founder of Rocket Chemical Company, is considered the original founder of WD-40,” according to wd40.com. Larsen aimed to develop a line of rust-prevention solvents and degreasers for use in the aerospace industry.