U.S. Bancorp Stock Falls Thursday, Underperforms Market
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Shares of U.S. Bancorp (USB) shed 0.97% to $30.51 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.88% to 4,151.28 and the Dow Jones Industrial Average falling 0.11% to 32,764.65.
This was the stock's second consecutive day of losses.
U.S. Bancorp closed $22.86 short of its 52-week high ($53.37), which the company achieved on May 31st.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Bank of America Corp. (BAC) rose 0.25% to $28.17, Great Southern Bancorp Inc. (GSBC) fell 1.28% to $50.28, and Wells Fargo & Co. (WFC) rose 0.07% to $40.90.
Trading volume (11.9 M) remained 9.0 million below its 50-day average volume of 21.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 25, 2023.
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May 25, 2023 17:31 ET (21:31 GMT)
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