Why CRS fell 20.0% on Oct 22 2026: sales miss
CRS-20.0%on Thu Oct 22 2026
Carpenter Technology Corp was down 20.0% on the day at $294.39, ranked #4 on 8.1× its usual five-minute volume, when TapeRank recorded this drop at 10:17 ET during regular hours.
THE DAY ON THE LIST · 1 EVENT
- 10:17 ETMOVER · REGULAR
$294.39 · ▼ 20.0% ON THE DAY · 8.1× 5M RVOL · RANK #4
STRETCHEDCONFIDENCE5/5Carpenter Technology fell 20.7% despite reporting an adjusted EPS beat, but quarterly sales missed estimates by 3.9%. The sales shortfall is a concrete negative catalyst, yet the magnitude of the drop is far larger than the disclosed earnings variance supports.
WHYDown 20.7% on a 3.9% revenue miss and 3.5% EPS beat is a disproportionately large move relative to the reported news.ANALYZED 10:34 ET · <1 MIN AGO · OPENAI/GPT-5.6-LUNATHE ROW AND SESSION LEVELS AT 10:17 ET
LAST294.39DAY▼ 20.0%5 MIN▼ 1.42%5M RVOL8.1×5M $VOL$13.0MFLOAT*49.6MRANK#4SESSIONREGULARVWAP312.65HOD365.13LOD294.17OR HIGH330.00OR LOW310.00PREV CLOSE368.16PM HIGH365.13PM LOW310.00GAP▼ 10.37%* FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE
THE SESSION
- 09:30 ETOpened at $330.00, -10.4% on the previous close of $368.16
- 09:30 ETRegular-session high, $330.00
- 11:48 ETRegular-session low, $284.26
- 15:59 ETLast trade of the regular session, $292.77, -20.5% on the previous close of $368.16
- Volume: 2.5M shares in regular hours, 27K before the open
CRS opened at $330.00, already 10.4% below the previous close, and held that level briefly before falling to $284.26 by 11:48 ET. It later recovered to finish the regular session at $292.77, still 20.5% below the previous close, with no halts during the session. TapeRank tied the move to Carpenter Technology’s quarterly sales miss: reported sales were $798.200 million versus an $830.771 million estimate, despite adjusted EPS of $3.25 beating the $3.14 estimate, and judged the decline disproportionately large relative to the disclosed news.
WRITTEN THU OCT 22 2026 16:00 ET BY OPENAI/GPT-5.6-LUNA FROM THE FACTS ON THIS PAGE
FILINGS AND NEWS · 24H BEFORE THE MOVE
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