Charles Schwab Corp. Stock Falls Friday, Underperforms Market
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Shares of Charles Schwab Corp. (SCHW) plunged 11.69% to $58.70 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,861.59 and Dow Jones Industrial Average falling 1.07% to 31,909.64. This was the stock's second consecutive day of losses. Charles Schwab Corp. closed $34.46 below its 52-week high ($93.16), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Friday, as Blackstone Inc. (BX) fell 5.61% to $80.22, Morgan Stanley (MS) fell 2.33% to $90.05, and BlackRock Inc. (BLK) fell 2.50% to $635.03. Trading volume (88.8 M) eclipsed its 50-day average volume of 8.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.
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March 10, 2023 17:23 ET (22:23 GMT)
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