U.S. Bancorp Stock Outperforms Competitors Despite Losses On The Day
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Shares of U.S. Bancorp (USB) slid 2.75% to $28.98 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.72% to 4,061.22 and Dow Jones Industrial Average falling 0.86% to 33,127.74.
This was the stock's fourth consecutive day of losses.
U.S. Bancorp closed $24.39 below its 52-week high ($53.37), which the company achieved on May 31st.
Despite its losses, the stock outperformed some of its competitors Thursday, as Bank of America Corp. (BAC) fell 3.12% to $26.99, Great Southern Bancorp Inc. (GSBC) fell 2.94% to $47.94, and Wells Fargo & Co. (WFC) fell 4.25% to $36.72.
Trading volume (48.0 M) eclipsed its 50-day average volume of 18.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 4, 2023.
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May 04, 2023 17:31 ET (21:31 GMT)
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