Shares of Fortive Corp. FTV advanced 1.71% to $72.16 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.16% to 3,626.91 and the Dow Jones Industrial Average DJIA rising 1.60% to 29,950.44. This was the stock's second consecutive day of gains. Fortive Corp. closed $2.10 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 Monday, as MKS Instruments Inc. MKSI rose 3.49% to $131.50, Mesa Laboratories Inc. MLAB rose 3.19% to $289.46, and LGL Group Inc. LGL rose 3.11% to $9.28. Trading volume (2.5 M) remained 598,228 below its 50-day average volume of 3.1 M.