Shares of Fortive Corp. /zigman2/quotes/207268286/composite FTV +0.49% rallied 1.19% to $70.54 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.23% rising 1.89% to 4,515.55 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.31% rising 1.17% to 35,131.86. This was the stock's second consecutive day of gains. Fortive Corp. closed $9.33 below its 52-week high ($79.87), which the company reached on November 22nd.
The stock underperformed when compared to some of its competitors Monday, as MKS Instruments Inc. /zigman2/quotes/208573663/composite MKSI -0.46% rose 4.18% to $155.33, Mesa Laboratories Inc. /zigman2/quotes/204834264/composite MLAB -0.05% rose 1.65% to $284.33, and LGL Group Inc. /zigman2/quotes/202735214/composite LGL -1.02% rose 3.48% to $10.40. Trading volume (2.8 M) eclipsed its 50-day average volume of 2.0 M.