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Dec. 1, 2020, 6:05 p.m. EST

Otis Worldwide Corp. stock falls Tuesday, underperforms market

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Shares of Otis Worldwide Corp. OTIS sank 0.16% to $66.83 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.13% to 3,662.45 and the Dow Jones Industrial Average DJIA rising 0.63% to 29,823.92. This was the stock's fourth consecutive day of losses. Otis Worldwide Corp. closed $1.38 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 Tuesday, as Parker Hannifin Corp. PH rose 1.16% to $270.36, Dover Corp. DOV rose 0.50% to $122.64, and Ingersoll Rand Inc. IR rose 1.20% to $44.80. Trading volume (2.9 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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