Emerson Electric Co. stock rises Wednesday, still underperforms market
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Shares of Emerson Electric Co. EMR, -0.72% inched 0.47% higher to $82.63 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, -0.93% rising 0.59% to 3,959.90 and the Dow Jones Industrial Average DJIA, -0.43% rising 0.15% to 31,874.84. This was the stock’s second consecutive day of gains. Emerson Electric Co. closed $23.36 below its 52-week high ($105.99), which the company achieved on September 3rd.
The stock underperformed when compared to some of its competitors Wednesday, as General Electric Co. GE, +0.09% rose 1.72% to $67.89, Honeywell International Inc. HON, +0.80% rose 0.58% to $178.26, and Parker Hannifin Corp. PH, -0.16% rose 2.00% to $265.19. Trading volume (1.9 M) remained 1.2 million below its 50-day average volume of 3.0 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.