Charles Schwab Corp. Stock Falls Thursday, Underperforms Market
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Shares of Charles Schwab Corp. (SCHW) slipped 2.80% to $57.88 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.76% to 3,960.28 and the Dow Jones Industrial Average rising 1.17% to 32,246.55. The stock's fall snapped a two-day winning streak. Charles Schwab Corp. closed $35.28 below its 52-week high ($93.16), which the company achieved on March 29th.
The stock underperformed when compared to some of its competitors Thursday, as Blackstone Inc. (BX) rose 0.68% to $87.26, Morgan Stanley (MS) rose 1.90% to $87.01, and BlackRock Inc. (BLK) rose 0.83% to $636.98. Trading volume (66.1 M) eclipsed its 50-day average volume of 17.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 16, 2023.
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March 16, 2023 17:23 ET (21:23 GMT)
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