What Happened?
Shares of hardware products and merchandising solutions provider Hillman (NASDAQ:HLMN) fell 3.6% in the afternoon session after the U.S. announced a new 35% tariff on all goods imported from Canada, set to begin on August 1. The broad tariff announcement has cast a shadow on companies with significant cross-border operations.
Hillman, a provider of hardware and protective solutions, has a dedicated business segment in Canada, distributing its products to various retail outlets across the country.
This development introduces considerable uncertainty and potential cost increases for the company's Canadian operations. Investors may be concerned about the potential impact on profit margins and the disruption to supply chains.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Hillman? Access our full analysis report here, it’s free.
What Is The Market Telling Us
Hillman’s shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
Hillman is down 18.1% since the beginning of the year, and at $7.68 per share, it is trading 33.4% below its 52-week high of $11.54 from November 2024.
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