U.S. Bancorp Stock Rises Friday, Outperforms Market
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Shares of U.S. Bancorp (USB) advanced 6.07% to $30.74 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.85% to 4,136.25 and the Dow Jones Industrial Average rising 1.65% to 33,674.38.
The stock's rise snapped a four-day losing streak.
U.S. Bancorp closed $22.63 below its 52-week high ($53.37), which the company reached on May 31st.
The stock outperformed some of its competitors Friday, as Bank of America Corp. (BAC) rose 2.67% to $27.71, Great Southern Bancorp Inc. (GSBC) rose 5.72% to $50.68, and Wells Fargo & Co. (WFC) rose 3.32% to $37.94.
Trading volume (28.2 M) eclipsed its 50-day average volume of 19.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 5, 2023.
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May 05, 2023 17:31 ET (21:31 GMT)
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