Why These Defense Stocks Are Declining This Week

6. Cadre Holdings, Inc. (NYSE:CDRE)

Weekly Decline: -7.56%

Cadre Holdings, Inc. (NYSE:CDRE) manufactures safety equipment and other related products for protection during hazardous and life-threatening situations. Its offerings include body armor, duty gear, and explosive ordnance disposal equipment, among other products.

On March 11, Cadre Holdings, Inc. (NYSE:CDRE) announced mixed financial results for the fourth quarter of fiscal 2024, beating revenue estimates while missing EPS forecasts. Shares are down 8% since the earnings call, and fell by 7.56% over the past week, amid pessimism among investors.

Cadre Holdings, Inc. (NYSE:CDRE)’s CEO, Warren B. Kanders, sold the company’s shares worth approximately $4.78 million, which may have further contributed toward the dip.