Shares of Fortive Corp. FTV shed 0.92% to $70.99 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 1.16% to 3,567.79 and Dow Jones Industrial Average DJIA falling 1.16% to 29,438.42. This was the stock's second consecutive day of losses. Fortive Corp. closed $3.27 below its 52-week high ($74.25), which the company achieved on November 9th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as MKS Instruments Inc. MKSI rose 0.86% to $133.20, Mesa Laboratories Inc. MLAB fell 3.76% to $279.10, and LGL Group Inc. LGL fell 4.12% to $8.89. Trading volume (1.2 M) remained 1.8 million below its 50-day average volume of 2.9 M.