Shares of Fortive Corp. FTV shed 1.43% to $68.40 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.28% to 3,702.25 and the Dow Jones Industrial Average DJIA rising 0.35% to 30,173.88. This was the stock's second consecutive day of losses. Fortive Corp. closed $5.86 below its 52-week high ($74.25), which the company achieved on November 9th.
The stock underperformed when compared to some of its competitors Tuesday, as MKS Instruments Inc. MKSI rose 1.04% to $156.88, Mesa Laboratories Inc. MLAB rose 1.23% to $272.31, and LGL Group Inc. LGL fell 1.00% to $9.90. Trading volume (3.4 M) eclipsed its 50-day average volume of 2.5 M.