Stanley Black & Decker Inc. stock outperforms market on strong trading day
Published: Feb. 2, 2023 at 5:25 p.m. ET
Shares of Stanley Black & Decker Inc. SWK, +5.19% rose 5.19% to $95.89 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX, +1.47% rising 1.47% to 4,179.76 and the Dow Jones Industrial Average DJIA, -0.11% falling 0.11% to 34,053.94. This was the stock's third consecutive day of gains. Stanley Black & Decker Inc. closed $81.88 below its 52-week high ($177.77), which the company reached on February 3rd.
The stock outperformed some of its competitors Thursday, as Danaher Corp. DHR, +1.19% rose 1.19% to $270.68 and Illinois Tool Works Inc. ITW, +4.59% rose 4.59% to $250.54. Trading volume (4.1 M) eclipsed its 50-day average volume of 1.8 M.
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