Charles Schwab stock falls 2.88% and underperforms rivals
Updated
Updated · MarketWatch · May 7
Charles Schwab stock falls 2.88% and underperforms rivals
12 articles · Updated · MarketWatch · May 7
Shares closed at $89.50 on Thursday, their second straight daily loss, as the S&P 500 fell 0.38% and the Dow dropped 0.63%.
Schwab ended 16.74% below its 52-week high of $107.50 reached on 10 February, while Blackstone, Morgan Stanley and BlackRock also declined but by smaller amounts.
Trading volume reached 14.8 million shares, above the 50-day average of 10.1 million, indicating heavier investor activity during the broader market sell-off.
Schwab just posted record earnings, so why is its stock falling faster than all its major rivals?
With insiders selling millions in stock, should investors trust Schwab's new AI and crypto bets for growth?
Facing a massive lawsuit over customer cash, could millions of Schwab clients soon be eligible for a payout?