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Dec. 2, 2020, 8:00 p.m. EST

Fortive Corp. stock underperforms Wednesday when compared to competitors

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Shares of Fortive Corp. FTV slid 1.28% to $69.65 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.18% to 3,669.01 and the Dow Jones Industrial Average DJIA rising 0.20% to 29,883.79. Fortive Corp. closed $4.61 below its 52-week high ($74.25), which the company reached on November 9th.

The stock underperformed when compared to some of its competitors Wednesday, as MKS Instruments Inc. MKSI rose 2.35% to $143.29, Mesa Laboratories Inc. MLAB fell 0.99% to $271.39, and LGL Group Inc. LGL rose 4.24% to $10.07. Trading volume (1.7 M) remained 726,440 below its 50-day average volume of 2.4 M.

Editor's Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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