🔴 Generac Holdings is trading 5% down today after hotter-than-expected September inflation stoked rate concerns

Generac Holdings is trading 5.10% lower at $188.18 on October 15, after hotter-than-expected September inflation fueled concerns that interest rates will stay higher for longer.

• The inflation report pressured markets and rate-sensitive stocks; Industrials were also under pressure.
• Shares fell 7.57% to $198.06 on October 14 amid broad market weakness, according to supplied price context and MarketWatch.
• No new company-specific catalyst emerged in reviewed news; Generac’s October 14 announcement only set its Q3 results date for October 28.