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Shares of U.S. Bancorp (USB) shed 2.48% to $29.90 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.61% to 4,179.83 and Dow Jones Industrial Average falling 0.41% to 32,908.27.
This was the stock's second consecutive day of losses.
U.S. Bancorp closed $23.32 below its 52-week high ($53.22), which the company achieved on June 6th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Bank of America Corp. (BAC) fell 1.66% to $27.79, Great Southern Bancorp Inc. (GSBC) fell 2.68% to $48.63, and Wells Fargo & Co. (WFC) fell 2.86% to $39.81.
Trading volume (31.0 M) eclipsed its 50-day average volume of 18.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 31, 2023.
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May 31, 2023 17:30 ET (21:30 GMT)
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