Shares closed at $76.71 on Wednesday as the S&P 500 gained 1.46% to 7,365.12 and the Dow rose 1.24% to 49,910.59.
Despite the rebound, Otis still underperformed the broader market during an otherwise favorable trading session for equities.
The stock remains 24.36% below its 52-week high of $101.42 reached on 15 July, while trading volume of 3.9 million topped its 50-day average of 3.7 million.
With record modernization orders, why does Wall Street remain unconvinced about Otis's future growth?
Will high-tech elevators be enough to overcome inflation and a critical shortage of skilled technicians?