Shares of Otis Worldwide Corp. OTIS slipped 1.71% to $65.69 Wednesday, on what proved to be an all-around positive 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. This was the stock's fifth consecutive day of losses. Otis Worldwide Corp. closed $2.52 below its 52-week high ($68.21), which the company achieved on November 27th.
The stock underperformed when compared to some of its competitors Wednesday, as Parker Hannifin Corp. PH fell 0.09% to $270.11, Dover Corp. DOV fell 0.29% to $122.29, and Ingersoll Rand Inc. IR fell 1.05% to $44.33. Trading volume (1.4 M) remained 471,483 below its 50-day average volume of 1.9 M.