Published on 4 Nov 2022 on Market Watch
Carrier Global Corp. stock rises Friday, outperforms market
Shares of Carrier Global Corp. advanced 2.31% to $40.28 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.36% to 3,770.55 and the Dow Jones Industrial Average rising 1.26% to 32,403.22. This was the stock's second consecutive day of gains. Carrier Global Corp. closed $17.69 short of its 52-week high ($57.97), which the company reached on November 19th.
The stock underperformed when compared to some of its competitors Friday, as CRH PLC ADR rose 4.92% to $37.13, Johnson Controls International PLC rose 5.66% to $63.81, and PPG Industries Inc. rose 5.24% to $115.46. Trading volume (3.4 M) remained 1.4 million below its 50-day average volume of 4.8 M.