Visit the full analysis for the latest explanation of Otis Worldwide Corporation's stock movement.
Otis Worldwide is the world's largest elevator and escalator manufacturer and service provider, spun off from United Technologies in 2020. Its recurring service revenue provides stability, but its New Equipment segment has significant China exposure. That China exposure drove a post-earnings selloff in late January, and the stock has traded with unusually high two-way volatility since, including several unexplained multi-sigma moves.