Shares of Otis Worldwide Corp. OTIS slid 2.28% to $64.00 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.13% to 3,668.10 and Dow Jones Industrial Average DJIA falling 0.23% to 29,999.26. This was the stock's second consecutive day of losses. Otis Worldwide Corp. closed $4.21 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 Thursday, as Parker Hannifin Corp. PH fell 0.68% to $274.44, Dover Corp. DOV fell 1.52% to $121.37, and Ingersoll Rand Inc. IR fell 0.44% to $44.79. Trading volume (2.1 M) eclipsed its 50-day average volume of 1.9 M.