Shares of Graham Corporation (NYSE: GHM) dropped 3% after weak U.S. jobs data showed a fourth consecutive month of payroll declines in the factory sector. Manufacturing payrolls fell by 12,000 in August, with employment in the sector decreasing by nearly 80,000 jobs over the past year. This trend, attributed to trade policy uncertainty and import levies, has led to expectations of a potential interest rate cut by the Federal Reserve to support the slowing economy. Graham Corporation’s shares have been volatile, with 21 moves greater than 5% in the past year, indicating today’s drop is significant but not fundamentally changing market perception.

The recent drop in Graham Corporation’s shares was influenced by weak U.S. jobs data showing continued declines in the factory sector. This aligns with other economic indicators, such as the ISM Manufacturing report, which has shown ongoing contraction in manufacturing activity since March. Despite being up 9.1% since the beginning of the year, Graham Corporation’s shares are still trading 16.1% below their 52-week high. Investors who bought shares five years ago would now see a return of $3,374 on a $1,000 investment.

Read more at Stockstory.org – Barchart: Graham Corporation (GHM) Stock Trades Down, Here Is Why