Shares of Fortive Corp. FTV slid 0.61% to $71.43 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.24% to 3,638.35 and the Dow Jones Industrial Average DJIA rising 0.13% to 29,910.37. This was the stock's second consecutive day of losses. Fortive Corp. closed $2.83 short of its 52-week high ($74.25), which the company achieved on November 9th.
The stock underperformed when compared to some of its competitors Friday, as MKS Instruments Inc. MKSI rose 1.38% to $138.13, Mesa Laboratories Inc. MLAB rose 1.53% to $274.62, and LGL Group Inc. LGL rose 1.58% to $9.65. Trading volume (672,770) remained 2.0 million below its 50-day average volume of 2.6 M.