PepsiCo Inc. Stock Rises Friday, Still Underperforms Market

Otis Worldwide Corp

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Industrials : Machinery | Mid Cap Blend

Company profile

Otis Worldwide Corporation is an elevator and escalator manufacturing, installation and service company. The Company operates through two segments: New Equipment and Service. Through its New Equipment segment, it designs, manufactures, sells and installs a range of passenger and freight elevators, as well as escalators and moving walkways to customers in the residential and commercial buildings, and infrastructure projects. The Company sells its New Equipment units directly to customers, as well as through agents and distributors globally. Through its Service segment, the Company performs maintenance and repair services for both its products and those of other manufacturers and provides services to upgrade elevators and escalators. It provides Otis ONE, an Internet of Things (IoT) based solution to connect elevators to OtisLine. Otis also offers a range of passenger experience enhancements such as eView and Otis eCall.

PepsiCo Inc. Stock Rises Friday, Still Underperforms Market

5:16 pm ET October 28, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of PepsiCo Inc. (PEP) advanced 1.87% to $182.23 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 2.46% to 3,901.06 and the Dow Jones Industrial Average rising 2.59% to 32,861.80. PepsiCo Inc. hit a new 52-week high, surpassing its previous peak of $181.07, which the company reached on August 17th.

The stock underperformed when compared to some of its competitors Friday, as Nestle S.A. ADR (NESN.EB) rose 1.87% to $108.69, Coca-Cola Co. (KO) rose 2.07% to $60.76, and Unilever PLC ADR (ULVR.LN) rose 2.33% to $45.74. Trading volume (6.7 M) eclipsed its 50-day average volume of 5.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 28, 2022.

(END) Dow Jones Newswires

October 28, 2022 17:16 ET (21:16 GMT)