Charles Schwab Corp. Stock Falls Friday, Underperforms Market
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Shares of Charles Schwab Corp. (SCHW) shed 2.54% to $56.41 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. This was the stock's second consecutive day of losses. Charles Schwab Corp. closed $36.75 short of its 52-week high ($93.16), which the company achieved on March 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Blackstone Inc. (BX) fell 2.72% to $84.89, Morgan Stanley (MS) fell 3.25% to $84.18, and BlackRock Inc. (BLK) fell 0.04% to $636.71. Trading volume (64.4 M) eclipsed its 50-day average volume of 18.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 17:22 ET (21:22 GMT)
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