Published on 22 Sep 2022 on Market Watch
Trane Technologies PLC stock falls Thursday, underperforms market
Shares of Trane Technologies PLC slipped 2.82% to $147.65 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.84% to 3,757.99 and Dow Jones Industrial Average falling 0.35% to 30,076.68. This was the stock's third consecutive day of losses. Trane Technologies PLC closed $56.58 below its 52-week high ($204.23), which the company achieved on December 16th.
The stock underperformed when compared to some of its competitors Thursday, as CRH PLC ADR fell 1.38% to $33.59, Johnson Controls International PLC fell 2.49% to $51.24, and PPG Industries Inc. fell 1.22% to $111.92. Trading volume (1.3 M) remained 147,591 below its 50-day average volume of 1.4 M.