PNC Financial Services Group Inc. Stock Falls Wednesday, Underperforms Market
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Shares of PNC Financial Services Group Inc. PNC sank 0.66% to $160.03 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.36% to 3,845.08 and the Dow Jones Industrial Average DJIA rising 0.23% to 31,037.68. This was the stock's second consecutive day of losses. PNC Financial Services Group Inc. closed $68.11 short of its 52-week high ($228.14), which the company reached on January 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. JPM fell 0.65% to $111.89, Wells Fargo & Co. WFC fell 1.50% to $39.50, and Fifth Third Bancorp FITB fell 1.25% to $33.28. Trading volume (1.7 M) remained 543,776 below its 50-day average volume of 2.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 6, 2022.
(END) Dow Jones Newswires
July 06, 2022 17:16 ET (21:16 GMT)
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