Regions Financial Corp. Stock Falls Tuesday, Underperforms Market
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Shares of Regions Financial Corp. (RF) slid 6.67% to $16.65 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.16% to 4,119.58 and Dow Jones Industrial Average falling 1.08% to 33,684.53.
This was the stock's second consecutive day of losses.
Regions Financial Corp. closed $7.68 short of its 52-week high ($24.33), which the company reached on February 2nd.
The stock underperformed when compared to some of its competitors Tuesday, as Bank of America Corp. (BAC) fell 3.03% to $28.16, Wells Fargo & Co. (WFC) fell 3.84% to $38.84, and Citigroup Inc. (C) fell 2.65% to $46.00.
Trading volume (11.9 M) remained 1.9 million below its 50-day average volume of 13.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 2, 2023.
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May 02, 2023 17:22 ET (21:22 GMT)
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