Shares of Wells Fargo & Co. WFC, -1.07% slid 1.07% to $41.53 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.34% falling 1.34% to 4,314.60 and Dow Jones Industrial Average DJIA, -0.98% falling 0.98% to 33,665.08.
The stock’s fall snapped a four-day winning streak.
Wells Fargo & Co. closed $7.31 below its 52-week high ($48.84), which the company reached on February 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as U.S. Bancorp USB, -4.36% fell 4.36% to $33.37, U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Non-Cum. Perp. Pfd. Series K) USB.PRP, -0.99% fell 0.99% to $20.00, and U.S. Bancorp Dep. Pfd. (Rep. 1/1000th Perp. 3.75% Pfd. Series L) USB.PRQ, -1.02% fell 1.02% to $13.60.
Trading volume (16.0 M) eclipsed its 50-day average volume of 15.0 M.