Baker Hughes Co. Stock Falls 6.7%, Underperforms Peers

Dow Jones09-11 04:33

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

Shares of Baker Hughes Co. slid 6.7% to $59.40 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.6% to 7,591.70 and Dow Jones Industrial Average falling 0.6% to 52,064.10.

This was the stock's second consecutive day of losses.

Baker Hughes Co. closed 15.6% below its 52-week high of $70.41, which the company reached on April 27th.

The stock underperformed when compared to some of its peers, as Caterpillar Inc. fell 1.3% to $805.00, SLB Ltd. fell 1.8% to $56.01, and Halliburton Co. fell 2.85% to $36.07.

Trading volume totaled 11.2 million, compared to the 50-day average of 8.2 million.

Data source: Dow Jones Market Data, FactSet

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