VMI is trading 4.2% down at $553.39 as investors lock in gains following a sharp rally to all-time highs.
- The stock recently reached a record peak of approximately $557.50, supported by bullish analyst price target hikes following the company's recent investor day.
- Shares have surged more than 70% over the past year, suggesting today's move is a cooling of momentum rather than a reaction to a negative company-specific event.