Shares of Fortive Corp. FTV shed 1.82% to $70.13 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.46% to 3,621.63 and Dow Jones Industrial Average DJIA falling 0.91% to 29,638.64. This was the stock's third consecutive day of losses. Fortive Corp. closed $4.13 short of its 52-week high ($74.25), which the company reached on November 9th.
The stock underperformed when compared to some of its competitors Monday, as MKS Instruments Inc. MKSI fell 0.11% to $137.98, Mesa Laboratories Inc. MLAB fell 1.04% to $271.76, and LGL Group Inc. LGL fell 0.10% to $9.64. Trading volume (2.3 M) remained 204,535 below its 50-day average volume of 2.5 M.