Huntington Bancshares losses traded on the NASDAQ as HBAN, observed a 0.79% decrease in its stock price, closing at $10.03 on Friday. This marks a substantial $5.71 drop from its annual high achieved on December 1st, amid a challenging day for the market.
Market Indices Reflect Widespread Declines
On the same day, the broader market indices, namely the S&P 500 and Dow Jones Industrial Average, also faced declines, falling by 0.85% and 0.75%, settling at 4,278.00 and 33,414.17, respectively.
In the banking sector, Huntington Bancshares exhibited varying results when compared to its counterparts, including JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp (NYSE:BAC), and Wells Fargo & Co.
Read More: Fed Chair Jerome Powell Suggests Potential Rate Increases Amid Strong U.S. Economy
Huntington’s Stock Declines Compared
Huntington Bancshares losses stocks, while notable, were less severe than those of JPMorgan Chase & Co. (0.42%), Bank of America Corp (1.28%), and Wells Fargo & Co. (0.84%).
Notably, Huntington Bancshares outperformed its 50-day average trading volume of 12.8 million shares, surging to 17.0 million shares on Thursday. This surge reflects increased investor interest in the bank, even in the face of declining stock prices.
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Disclaimer: Please note that this article serves solely for informational purposes. As such, it is not financial advice. We strongly advise readers to conduct thorough research and consult with financial professionals before making any investment decisions.
