Trimble Inc. Stock Sheds 17.3%, Underperforms Peers

Dow Jones05:33

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

Shares of Trimble Inc. tumbled 17.3% to $54.25 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.6% to 7,688.62 and the Dow Jones Industrial Average rising 3.0% to 53,356.12.

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

Trimble Inc. closed 35.7% short of its 52-week high of $84.42, which the company reached on December 5th.

The stock underperformed when compared to some of its peers, as Deere & Co. rose 1.6% to $676.50, Palantir Technologies Inc. fell 2.1% to $171.70, and Rockwell Automation Inc. fell 0.56% to $443.88.

Trading volume totaled 6.9 million, compared to the 50-day average of 2.7 million.

Data source: Dow Jones Market Data, FactSet

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