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Fortive Surges to 442nd in Trading Volume with $210 Million in Shares Exchanged
Generated by AI AgentAinvest Volume Radar
Monday, Jun 9, 2025 8:06 pm ET1min read
On June 9, 2025,
(FTV) saw a significant increase in trading volume, with a total of $210 million in shares exchanged, marking a 35.67% rise from the previous day. This surge placed Fortive at the 442nd position in terms of trading volume for the day. The stock price of Fortive also rose by 0.25%, marking the second consecutive day of gains, with a total increase of 2.02% over the past two days.RBC has raised its price target for Fortive to $79, maintaining its sector outlook. This adjustment reflects the firm's confidence in the company's future performance and potential for growth.
JPMorgan has reiterated its Overweight rating on Fortive stock, highlighting the company's strategic initiatives and market position. As Fortive approaches the spin-off of Ralliant, investors are closely monitoring the stock's performance and market dynamics.
Fortive is set to spin off 100% of Ralliant on June 28, 2025. Ralliant will begin trading under the ticker symbol RAL, with trading commencing on June 25th. This strategic move is aimed at unlocking value and enhancing focus within the company's portfolio.
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