Home Markets Truist Financial Corp. stock falls Wednesday, underperforms market

Truist Financial Corp. stock falls Wednesday, underperforms market

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Shares of Truist Financial Corp.
TFC,
-1.17%

slid 1.17% to $60.78 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
SPX,
+0.14%

rising 0.14% to 4,208.12 and the Dow Jones Industrial Average
DJIA,
+0.07%

rising 0.07% to 34,600.38. This was the stock’s third consecutive day of losses. Truist Financial Corp. closed $1.91 short of its 52-week high ($62.69), which the company achieved on May 18th.

The stock underperformed when compared to some of its competitors Wednesday, as Wells Fargo & Co.
WFC,
-0.95%

fell 0.95% to $46.81, HDFC Bank Ltd. ADR
HDB,
+0.51%

rose 0.51% to $76.42, and U.S. Bancorp
USB,
-0.52%

fell 0.52% to $60.67. Trading volume (5.7 M) eclipsed its 50-day average volume of 5.5 M.


Editor’s Note: This…

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