Snap Stock- Snap-On Inc. stock falls Friday, underperforms market
Shares of Snap-On Inc.
slipped 0.71% to $238.88 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.19% to 4,247.44 and the Dow Jones Industrial Average
rising 0.04% to 34,479.60. This was the stock’s fifth consecutive day of losses. Snap-On Inc. closed $21.11 below its 52-week high ($259.99), which the company reached on May 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Illinois Tool Works Inc.
rose 0.03% to $232.75, Stanley Black & Decker Inc.
fell 0.31% to $203.37, and Makita Corp. ADR
fell 1.16% to $45.62. Trading volume (481,802) eclipsed its 50-day average volume of 348,110.