FirstEnergy shares closed at $48.94 on Wednesday, underperforming the S&P 500 and Dow Jones, with trading volume rising to 5.4 million, above its 50-day average.
The stock's decline leaves it 6.5% below its 52-week high of $52.34, reached on April 9th, and outperforms some competitors like NextEra Energy and Southern Co.
The broader market experienced a dismal session, with major indices falling, contributing to FirstEnergy's loss and snapping its recent winning streak amid heightened trading activity.
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