Amphenol Corporation shares fall 2.93% intraday as Gentex Corporation faces automotive industry pressure.
ByAinvest
Friday, Aug 29, 2025 1:20 pm ET1min read
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Amphenol Corporation dropped 2.93% in intraday trading. The decline may be attributed to the broader automotive industry under pressure, as Gentex Corporation, a diversified supplier of automotive, aerospace, and connected technologies, has been facing challenges. Gentex, which started as a smoke detector manufacturer and reinvented itself as a leader in auto-dimming mirror technology, has expanded into various sectors including biometrics, cabin monitoring, and smart-home safety. The planned acquisition of VOXX International further diversifies Gentex's portfolio, but the overall industry pressure could be influencing Amphenol's stock performance.
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