Shares of Otis Worldwide Corp. OTIS rose 1.94% to $66.11 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.28% to 3,702.25 and the Dow Jones Industrial Average DJIA rising 0.35% to 30,173.88. The stock's rise snapped an eight-day losing streak. Otis Worldwide Corp. closed $2.10 short of its 52-week high ($68.21), which the company achieved on November 27th.
The stock outperformed some of its competitors Tuesday, as Parker Hannifin Corp. PH rose 0.99% to $274.24, Dover Corp. DOV fell 0.25% to $121.93, and Ingersoll Rand Inc. IR rose 0.47% to $44.54. Trading volume (2.6 M) eclipsed its 50-day average volume of 1.9 M.