Henry Schein, Inc.’s stock price surges to $65.77, marking a bullish 2.89% increase

Henry Schein, Inc. (HSIC)

65.77 USD +1.85 (+2.89%) Volume: 3.49M

Henry Schein, Inc.’s stock price is currently at 65.77 USD, witnessing a promising surge of +2.89% this trading session with a trading volume of 3.49M, despite a year-to-date percentage change of -13.13%, indicating a potential turn-around for HSIC stock performance.

Latest developments on Henry Schein, Inc.

Henry Schein, Inc. has been facing challenges following a cyber incident, impacting its Q2 results and leading to a slow recovery. The company recently announced layoffs as part of a plan to save $75M to $100M amidst underperformance compared to competitors. Despite beating estimates in Q2 earnings, Henry Schein has cut its annual profit forecast due to the lingering impact of the cyberattack. This has led to a decline in stock price and a revision of the 2024 financial guidance, warning of a slower recovery. The company’s Q2 earnings call highlighted these issues, reflecting a mixed performance and a need for cautious optimism moving forward.

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