Booking Holdings Inc. Stock Falls Friday, Underperforms Market

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.

Booking Holdings Inc. Stock Falls Friday, Underperforms Market

4:40 pm ET November 18, 2022 (MarketWatch) Print

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

Shares of Booking Holdings Inc. (BKNG) dropped 0.02% to $1,940.28 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.48% to 3,965.34 and the Dow Jones Industrial Average rising 0.59% to 33,745.69. This was the stock's second consecutive day of losses. Booking Holdings Inc. closed $775.38 short of its 52-week high ($2,715.66), which the company reached on February 16th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Trip.com Group Ltd. ADR (TCOM) fell 2.81% to $28.35, Expedia Group Inc. (EXPE) rose 1.08% to $98.31, and TripAdvisor Inc. (TRIP) fell 1.73% to $19.91. Trading volume (306,090) remained 103,845 below its 50-day average volume of 409,935.

Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2022.

(END) Dow Jones Newswires

November 18, 2022 16:40 ET (21:40 GMT)