AAON Inc is trading 4.6% down at $137.02, extending yesterday’s weakness as investors pull back following a sharp multi-day rally and concerns over rich valuations.
- The stock is trading ex-dividend for a $0.10 cash dividend, which exerts mechanical downward pressure on the share price.
- Broader U.S. equity markets are facing risk-off sentiment following a stronger-than-expected jobs report, reigniting worries over persistent inflation and rising interest rates.