O’Reilly Automotive stock dips in recent days

After months of steady improvement, O’Reilly Automotive Inc. (Nasdaq: ORLY) this week stock dropped as much as 12.4 percent from its most recent 52-week high.

The Springfield-based auto parts retailer’s stock opened yesterday at $234.04 and dropped as low as $226.05 during trading hours before closing at $231.85. ORLY shares haven’t traded in the $220 range since July 1, when the stock opened at $229.30, according to the company’s historical stock price chart at Finance.Yahoo.com.

The company’s 52-week high of $258.15 was set Aug. 19. Its low of $146.22 occurred Oct. 15 last year.

As of 10:50 a.m., the company’s shares were trading at $239.11.

According to NBC News, O’Reilly Automotive wasn’t alone. Opposing feelings of economic sentiment caused U.S. stocks to dive over 1,000 points early Monday, with highs and lows the rest of the day. Affecting factors were the market crash in China and uncertainty about the U.S. economy, according to the report.