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Dec. 4, 2020, 6:05 p.m. EST

Otis Worldwide Corp. stock falls Friday, underperforms market

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Shares of Otis Worldwide Corp. OTIS slid 0.50% to $65.16 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.88% to 3,699.12 and the Dow Jones Industrial Average DJIA rising 0.83% to 30,218.26. This was the stock's seventh consecutive day of losses. Otis Worldwide Corp. closed $3.05 short of its 52-week high ($68.21), which the company achieved on November 27th.

The stock underperformed when compared to some of its competitors Friday, as Parker Hannifin Corp. PH rose 2.46% to $275.74, Dover Corp. DOV rose 1.98% to $123.54, and Ingersoll Rand Inc. IR rose 1.64% to $45.19. Trading volume (2.1 M) eclipsed its 50-day average volume of 1.8 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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