Shares of Fortive Corp. FTV inched 0.48% higher to $71.33 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.39% to 3,581.87 and the Dow Jones Industrial Average DJIA rising 0.15% to 29,483.23. The stock's rise snapped a two-day losing streak. Fortive Corp. closed $2.92 below its 52-week high ($74.25), which the company reached on November 9th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as MKS Instruments Inc. MKSI rose 0.77% to $134.23, Mesa Laboratories Inc. MLAB fell 1.47% to $274.99, and LGL Group Inc. LGL fell 0.56% to $8.84. Trading volume (1.2 M) remained 1.7 million below its 50-day average volume of 2.9 M.