First Republic Bank stock falls Monday, underperforms market
Shares of First Republic Bank
FRC,
slid 0.24% to $218.53 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
SPX,
rising 0.09% to 4,701.70 and the Dow Jones Industrial Average
DJIA,
rising 0.29% to 36,432.22. First Republic Bank closed $3.47 below its 52-week high ($222.00), which the company reached on November 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Bank of America Corp.
BAC,
rose 0.79% to $47.34, SVB Financial Group
SIVB,
fell 0.73% to $742.05, and East West Bancorp Inc.
EWBC,
rose 0.01% to $83.27. Trading volume (333,745) remained 316,906 below its 50-day average volume of 650,651.
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.
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