Shares of Otis Worldwide Corp. OTIS rose 1.93% to $70.75 Friday, on what proved to be an all-around positive 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. The stock's rise snapped a two-day losing streak. Otis Worldwide Corp. hit a new 52-week high, surpassing its previous peak of $70.67, which the company reached on March 29th.
The stock outperformed some of its competitors Friday, as Parker Hannifin Corp. PH rose 0.83% to $321.09, Dover Corp. DOV rose 1.04% to $139.96, and Ingersoll Rand Inc. IR rose 0.52% to $50.58. Trading volume (3.6 M) eclipsed its 50-day average volume of 2.7 M.