DJ Charles Schwab Corp. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Charles Schwab Corp. $(SCHW)$ advanced 1.08% to $76.86 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.03% to 5,180.74 and the Dow Jones Industrial Average rising 0.46% to 38,852.27.
This was the stock's fourth consecutive day of gains.
Charles Schwab Corp. hit a new 52-week high, surpassing its previous peak of $76.47, which the company reached on May 3rd.
The stock underperformed when compared to some of its competitors Monday, as Blackstone Inc. $(BX)$ rose 2.73% to $121.21, Morgan Stanley $(MS)$ rose 1.23% to $94.79, and BlackRock Inc. $(BLK)$ rose 1.40% to $774.64.
Trading volume (4.9 M) remained 2.4 million below its 50-day average volume of 7.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 6, 2024.
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(END) Dow Jones Newswires
May 06, 2024 16:39 ET (20:39 GMT)
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