ComfortDelGro down 3.6%; Profit-taking eyed: Analyst

ComfortDelGro (C52.SG) is 3.6% lower at $1.725, the worst-performing STI component. Three analysts note there’s no specific news driving the share.

“It’s coming off a 52-week high on Friday. It could be some profit-taking there,” one analyst says. Another analyst adds, “investors might be thinking it’s a bit overpriced and they’re starting to sell it down,” noting last week’s gains came after OCBC upgraded the stock to Buy.

The stock is still up nearly 9% from its Nov. 19 trough.