Shares of Otis Worldwide Corp. OTIS slid 0.48% to $64.85 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.19% to 3,691.96 and Dow Jones Industrial Average DJIA falling 0.49% to 30,069.79. This was the stock's eighth consecutive day of losses. Otis Worldwide Corp. closed $3.36 short of its 52-week high ($68.21), which the company achieved on November 27th.
Despite its losses, the stock outperformed some of its competitors Monday, as Parker Hannifin Corp. PH fell 1.52% to $271.54, Dover Corp. DOV fell 1.05% to $122.24, and Ingersoll Rand Inc. IR fell 1.90% to $44.33. Trading volume (1.9 M) eclipsed its 50-day average volume of 1.8 M.