T. Rowe Price Group Inc. Stock Slips 6.3%, Underperforms Peers

Dow Jones08-01

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of T. Rowe Price Group Inc. shed 6.3% to $111.75 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,489.72 and the Dow Jones Industrial Average rising 0.5% to 52,485.03.

T. Rowe Price Group Inc. closed 8.4% short of its 52-week high of $122.00, which the company achieved on July 28th.

The stock underperformed when compared to some of its peers, as State Street Corp. rose 0.7% to $184.16, Ares Management Corp. rose 3.2% to $128.09, and Raymond James Financial Inc. rose 0.58% to $175.98.

Trading volume totaled 5.2 million, compared to the 50-day average of 2.1 million.

Data source: Dow Jones Market Data, FactSet

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