Published on 25 Jan 2023 on Market Watch
INVESCO Ltd. stock falls Tuesday, underperforms market
Shares of INVESCO Ltd. slipped 2.01% to $18.52 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.31% to 33,733.96 and the S&P 500 Index falling 0.07% to 4,016.95. This was the stock's second consecutive day of losses. INVESCO Ltd. closed $5.79 below its 52-week high ($24.31), which the company reached on February 10th.
The stock underperformed when compared to some of its competitors Tuesday, as Morgan Stanley fell 1.67% to $95.51, BlackRock Inc. rose 0.54% to $752.07, and Goldman Sachs Group Inc. fell 0.23% to $348.33. Trading volume (7.8 M) eclipsed its 50-day average volume of 4.6 M.