Shares of Fortive Corp. FTV dropped 0.71% to $71.65 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.48% to 3,609.53 and Dow Jones Industrial Average DJIA falling 0.56% to 29,783.35. The stock's fall snapped a two-day winning streak. Fortive Corp. closed $2.60 below its 52-week high ($74.25), which the company reached on November 9th.
The stock underperformed when compared to some of its competitors Tuesday, as MKS Instruments Inc. MKSI rose 0.43% to $132.07, Mesa Laboratories Inc. MLAB rose 0.18% to $289.99, and LGL Group Inc. LGL fell 0.09% to $9.27. Trading volume (1.3 M) remained 1.7 million below its 50-day average volume of 3.0 M.