Shares of Ingersoll Rand Inc. IR dropped 0.85% to $50.15 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.02% to 4,127.99 and Dow Jones Industrial Average DJIA falling 0.16% to 33,745.40. The stock's fall snapped a two-day winning streak. Ingersoll Rand Inc. closed $1.46 below its 52-week high ($51.61), which the company reached on March 8th.
The stock underperformed when compared to some of its competitors Monday, as Otis Worldwide Corp. OTIS fell 0.14% to $70.65, Parker Hannifin Corp. PH rose 0.03% to $321.18, and Dover Corp. DOV rose 0.38% to $140.49. Trading volume (2.9 M) eclipsed its 50-day average volume of 2.2 M.