Charles Schwab Corp. Stock Underperforms Monday When Compared To Competitors
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Shares of Charles Schwab Corp. (SCHW) plunged 11.57% to $51.91 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.15% to 3,855.76 and Dow Jones Industrial Average falling 0.28% to 31,819.14. This was the stock's third consecutive day of losses. Charles Schwab Corp. closed $41.25 below its 52-week high ($93.16), which the company achieved on March 29th.
The stock underperformed when compared to some of its competitors Monday, as Blackstone Inc. (BX) rose 4.06% to $83.48, Morgan Stanley (MS) fell 2.29% to $87.99, and BlackRock Inc. (BLK) fell 1.46% to $625.77. Trading volume (148.0 M) eclipsed its 50-day average volume of 10.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 13, 2023.
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March 13, 2023 17:23 ET (21:23 GMT)
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