Truist Financial Corp. stock rises Friday, still underperforms market
Published: Feb. 2, 2024 at 4:51 p.m. ET
Shares of Truist Financial Corp. TFC inched 0.79% higher to $36.79 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.07% to 4,958.61 and the Dow Jones Industrial Average DJIA rising 0.35% to 38,654.42.
The stock’s rise snapped a two-day losing streak.
Truist Financial…
Shares of Truist Financial Corp.
TFC
inched 0.79% higher to $36.79 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
SPX
rising 1.07% to 4,958.61 and the Dow Jones Industrial Average
DJIA
rising 0.35% to 38,654.42.
The stock’s rise snapped a two-day losing streak.
Truist Financial Corp. closed $13.73 short of its 52-week high ($50.52), which the company reached on February 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as JPMorgan Chase & Co.
JPM
rose 0.58% to $174.73, Bank of America Corp.
BAC
fell 0.24% to $33.47, and Wells Fargo & Co.
WFC
rose 0.88% to $49.16.
Trading volume (11.5 M) eclipsed its 50-day average volume of 9.8 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
