Shares of Parker Hannifin Corp. /zigman2/quotes/202924304/composite PH +1.30% slumped 0.34% to $295.89 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.82% falling 0.20% to 4,246.59 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.80% falling 0.27% to 34,299.33. This was the stock's fifth consecutive day of losses. Parker Hannifin Corp. closed $28.79 below its 52-week high ($324.68), which the company reached on May 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Danaher Corp. /zigman2/quotes/210555154/composite DHR +1.78% fell 0.93% to $245.10, Rockwell Automation Inc. /zigman2/quotes/206335564/composite ROK +1.22% rose 0.82% to $284.01, and Dover Corp. /zigman2/quotes/208444467/composite DOV +1.64% rose 0.69% to $151.37. Trading volume (1.7 M) eclipsed its 50-day average volume of 744,880.