Charles Schwab Corp. Stock Underperforms Thursday When Compared To Competitors
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Shares of Charles Schwab Corp. (SCHW) plunged 12.77% to $66.47 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.85% to 3,918.32 and Dow Jones Industrial Average falling 1.66% to 32,254.86. Charles Schwab Corp. closed $26.69 short of its 52-week high ($93.16), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Thursday, as Blackstone Inc. (BX) fell 7.12% to $84.99, Morgan Stanley (MS) fell 3.86% to $92.20, and BlackRock Inc. (BLK) fell 3.42% to $651.28. Trading volume (40.2 M) eclipsed its 50-day average volume of 7.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 9, 2023.
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March 09, 2023 17:24 ET (22:24 GMT)
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