Shares of Ingersoll Rand Inc. IR inched 0.52% higher to $50.58 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.77% to 4,128.80 and the Dow Jones Industrial Average DJIA rising 0.89% to 33,800.60. This was the stock's second consecutive day of gains. Ingersoll Rand Inc. closed $1.03 short of its 52-week high ($51.61), which the company achieved on March 8th.
The stock underperformed when compared to some of its competitors Friday, as Otis Worldwide Corp. OTIS rose 1.93% to $70.75, Parker Hannifin Corp. PH rose 0.83% to $321.09, and Dover Corp. DOV rose 1.04% to $139.96. Trading volume (1.3 M) remained 880,618 below its 50-day average volume of 2.2 M.