Electronic Arts Inc. Stock Underperforms Wednesday When Compared To Competitors

Otis Worldwide Corp

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OTIS 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.

Electronic Arts Inc. Stock Underperforms Wednesday When Compared To Competitors

4:50 pm ET November 9, 2022 (MarketWatch) Print

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

Shares of Electronic Arts Inc. (EA) slid 2.18% to $126.29 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. This was the stock's second consecutive day of losses. Electronic Arts Inc. closed $20.30 short of its 52-week high ($146.59), which the company achieved on November 12th.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) fell 1.91% to $224.51, Walt Disney Co. (DIS) fell 13.16% to $86.75, and Sony Group Corp. ADR (6758.TO) fell 1.73% to $75.48. Trading volume (2.4 M) eclipsed its 50-day average volume of 2.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.

(END) Dow Jones Newswires

November 09, 2022 16:50 ET (21:50 GMT)