Published on 29 Mar 2022 on Market Watch
People's United Financial Inc. stock underperforms Tuesday when compared to competitors despite...
Shares of People's United Financial Inc. rose 1.32% to $21.46 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.23% to 4,631.60 and the Dow Jones Industrial Average rising 0.97% to 35,294.19. People's United Financial Inc. closed $0.52 short of its 52-week high ($21.98), which the company achieved on March 22nd.
The stock underperformed when compared to some of its competitors Tuesday, as Brookline Bancorp Inc. rose 2.05% to $16.39, Trustco Bank Corp. rose 1.33% to $32.75, and Berkshire Hills Bancorp Inc. rose 2.03% to $30.14. Trading volume (2.7 M) remained 2.3 million below its 50-day average volume of 5.1 M.