Huntington Bancshares stock rises for second straight day
Updated
Updated · MarketWatch · May 6
Huntington Bancshares stock rises for second straight day
6 articles · Updated · MarketWatch · May 6
The shares gained 1.40% to $16.64 on Wednesday, as the S&P 500 rose 1.46% and the Dow added 1.24%.
Even with the advance, Huntington closed 14.47% below its 52-week high of $19.46 reached on 6 February.
The stock lagged JPMorgan's 1.78% rise but outperformed Bank of America's 0.90% and Wells Fargo's 0.66%; volume of 12.9 million was well below its 50-day average.
Why is Huntington Bank's stock lagging if analysts believe it is one of the sector's most undervalued players?
Can Huntington's massive acquisitions build a regional powerhouse, or will integration risks derail its ambitious 2027 profitability goals?