U.S. Bancorp Stock Falls Monday, Underperforms Market
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Shares of U.S. Bancorp (USB) slid 3.25% to $29.74 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.05% to 4,138.12 and the Dow Jones Industrial Average falling 0.17% to 33,618.69.
U.S. Bancorp closed $23.63 below its 52-week high ($53.37), which the company achieved on May 31st.
The stock underperformed when compared to some of its competitors Monday, as Bank of America Corp. (BAC) fell 0.07% to $27.69, Great Southern Bancorp Inc. (GSBC) fell 1.60% to $49.87, and Wells Fargo & Co. (WFC) rose 1.16% to $38.38.
Trading volume (22.3 M) eclipsed its 50-day average volume of 19.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 8, 2023.
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May 08, 2023 17:31 ET (21:31 GMT)
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