Snap Stock- Snap-On Inc. stock underperforms Tuesday when compared to competitors
Shares of Snap-On Inc.
slid 1.25% to $247.95 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index
rising 0.02% to 4,227.26 and the Dow Jones Industrial Average
falling 0.09% to 34,599.82. This was the stock’s second consecutive day of losses. Snap-On Inc. closed $12.04 short of its 52-week high ($259.99), which the company achieved on May 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Illinois Tool Works Inc.
fell 0.35% to $232.68, Stanley Black & Decker Inc.
fell 0.14% to $208.86, and Makita Corp. ADR
fell 1.75% to $46.49. Trading volume (543,128) eclipsed its 50-day average volume of 343,299.