U.S. Bancorp Stock Falls Wednesday, Underperforms Market
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Shares of U.S. Bancorp (USB) slid 1.06% to $30.81 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.73% to 4,115.24 and Dow Jones Industrial Average falling 0.77% to 32,799.92.
The stock's fall snapped a two-day winning streak.
U.S. Bancorp closed $22.56 below its 52-week high ($53.37), which the company reached on May 31st.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Bank of America Corp. (BAC) fell 1.68% to $28.10, Great Southern Bancorp Inc. (GSBC) fell 1.74% to $50.93, and Wells Fargo & Co. (WFC) fell 0.83% to $40.87.
Trading volume (11.1 M) remained 10.2 million below its 50-day average volume of 21.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 24, 2023.
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May 24, 2023 17:30 ET (21:30 GMT)
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