Why Scotts Miracle-Gro Stock Was Down This Week

Why Scotts Miracle-Gro Stock Was Down This Week

Scotts Miracle-Gro (NYSE: SMG) shareholders underperformed the market through Thursday trading this week. The lawn care and hydroponic growing specialist was down 11% compared to a 1.4% drop in the wider market, according to data provided by S&P Global Market Intelligence. It was sparked by growing concerns about Scotts' ability to turn its business around in today's weakening demand environment.