Published on 27 Jul 2022 on Market Watch
Carrier Global Corp. stock outperforms market on strong trading day
Shares of Carrier Global Corp. rose 3.81% to $39.54 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.62% to 4,023.61 and the Dow Jones Industrial Average rising 1.37% to 32,197.59. The stock's rise snapped a two-day losing streak. Carrier Global Corp. closed $19.35 below its 52-week high ($58.89), which the company achieved on August 30th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as CRH PLC ADR rose 4.29% to $37.16, Johnson Controls International PLC rose 2.64% to $51.71, and PPG Industries Inc. rose 0.56% to $126.93. Trading volume (5.4 M) eclipsed its 50-day average volume of 4.6 M.