PTC Inc. Stock Slides 5.5%, Underperforms Peers

Dow Jones04:35

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

Shares of PTC Inc. slid 5.5% to $133.26 on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.6% to 7,673.52 and Dow Jones Industrial Average falling 1.2% to 52,786.07.

This was the stock's second consecutive day of losses.

PTC Inc. closed 38.2% short of its 52-week high of $215.49, which the company achieved on September 5th.

The stock underperformed when compared to some of its peers, as Autodesk Inc. fell 2.6% to $212.21, Synopsys Inc. fell 0.5% to $392.03, and Cadence Design Systems Inc. fell 2.93% to $284.11.

Trading volume totaled 1.9 million, compared to the 50-day average of 1.5 million.

Data source: Dow Jones Market Data, FactSet

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