Carrier Global Corp. Stock Slips 8.9%, Underperforms Peers

Dow Jones07-29

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Carrier Global Corp. shed 8.9% to $63.16 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.2% to 7,428.78 and the Dow Jones Industrial Average rising 1.0% to 52,747.32.

Carrier Global Corp. closed 22.1% short of its 52-week high of $81.09, which the company reached on July 28th.

The stock underperformed when compared to some of its peers, as Honeywell International Inc. rose 0.5% to $247.05, Johnson Controls International PLC fell 2.2% to $140.28, and Trane Technologies PLC fell 2.75% to $470.03.

Trading volume totaled 16.1 million, compared to the 50-day average of 6.2 million.

Data source: Dow Jones Market Data, FactSet

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