Shares of Wells Fargo & Co. WFC, -0.69% slumped 0.69% to $41.89 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.47% falling 0.47% to 4,388.71 and Dow Jones Industrial Average DJIA, -0.72% falling 0.72% to 34,053.87.
This was the stock’s second consecutive day of losses.
Wells Fargo & Co. closed $6.95 below its 52-week high ($48.84), which the company achieved on February 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as U.S. Bancorp USB, +0.39% rose 0.39% to $33.58, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) USB.PRP, -0.82% fell 0.82% to $22.76, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) USB.PRQ, -0.68% fell 0.68% to $15.99.
Trading volume (16.2 M) remained 6.8 million below its 50-day average volume of 23.1 M.