Teledyne Technologies Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Teledyne Technologies Inc. (TDY) saw its stock rise 1.36% to $562.54 on Wednesday, marking its fifth consecutive day of gains. However, it underperformed compared to competitors like Northrop Grumman Corp. (NOC), which rose 4.42%, and Emerson Electric Co. (EMR), which increased by 1.23%. The S&P 500 Index fell 0.53% and the Dow Jones Industrial Average dropped 0.09%. Teledyne's stock remains 5.61% below its 52-week high of $595.99 reached on October 7th. Trading volume was 351,532, slightly above its 50-day average.
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