U.S. Bancorp Stock Underperforms Tuesday When Compared To Competitors
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Shares of U.S. Bancorp (USB) slid 3.27% to $28.68 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.64% to 4,109.90 and Dow Jones Industrial Average falling 1.01% to 33,012.14.
The stock's fall snapped a two-day winning streak.
U.S. Bancorp closed $24.69 short of its 52-week high ($53.37), which the company reached on May 31st.
The stock underperformed when compared to some of its competitors Tuesday, as Bank of America Corp. (BAC) fell 1.05% to $27.36, Great Southern Bancorp Inc. (GSBC) fell 0.65% to $49.11, and Wells Fargo & Co. (WFC) fell 0.98% to $38.39.
Trading volume (15.0 M) remained 6.3 million below its 50-day average volume of 21.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2023.
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May 16, 2023 17:31 ET (21:31 GMT)
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