Fortive Corp. stock falls Thursday, underperforms market

MarketWatch Automation

Shares of Fortive Corp. /zigman2/quotes/207268286/composite FTV +0.49% slipped 7.78% to $66.05 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.23% falling 2.44% to 4,477.44 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.31% falling 1.45% to 35,111.16. The stock's fall snapped a four-day winning streak. Fortive Corp. closed $13.82 short of its 52-week high ($79.87), which the company achieved on November 22nd.

The stock underperformed when compared to some of its competitors Thursday, as MKS Instruments Inc. /zigman2/quotes/208573663/composite MKSI -0.46% fell 4.44% to $149.23, Mesa Laboratories Inc. /zigman2/quotes/204834264/composite MLAB -0.05% fell 3.24% to $270.50, and LGL Group Inc. /zigman2/quotes/202735214/composite LGL -1.02% fell 1.27% to $10.50. Trading volume (8.6 M) eclipsed its 50-day average volume of 2.2 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

/zigman2/quotes/207268286/composite

Add to watchlist FTV

Fortive Corp.

US : U.S.: NYSE

$ 74.28

+0.36 +0.49%

Volume: 1.15M

Sept. 22, 2023 4:01p

P/E Ratio

33.13

Dividend Yield

0.38%

Market Cap

$26.15 billion

Rev. per Employee

$331,833

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

4,320.06

-9.94 -0.23%

Volume: 0.00

Sept. 22, 2023 5:35p

/zigman2/quotes/210598065/realtime

Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

33,963.84

-106.58 -0.31%

Volume: 0.00

Sept. 22, 2023 5:35p

/zigman2/quotes/208573663/composite

Add to watchlist MKSI

MKS Instruments Inc.

US : U.S.: Nasdaq

$ 84.49

-0.39 -0.46%

Volume: 426,096

Sept. 22, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

1.04%

Market Cap

$5.65 billion

Rev. per Employee

$351,927

/zigman2/quotes/204834264/composite

Add to watchlist MLAB

Mesa Laboratories Inc.

US : U.S.: Nasdaq

$ 112.94

-0.06 -0.05%

Volume: 41,919

Sept. 22, 2023 4:00p

P/E Ratio

333.16

Dividend Yield

0.57%

Market Cap

$608.10 million

Rev. per Employee

$314,143

/zigman2/quotes/202735214/composite

Add to watchlist LGL

LGL Group Inc.

US : U.S.: NYSE American

$ 4.67

-0.05 -1.02%

Volume: 7,911

Sept. 22, 2023 4:10p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$25.00 million

Rev. per Employee

$1.69M