Huntington Bancshares (NASDAQ:HBAN) Inc.'s shares fell for the second consecutive day on Friday, declining by 0.79% to close at $10.03. This marks a $5.71 drop from its annual peak reached on December 1st. The downturn came amidst a weak market session, reflected in key market indicators.
The S&P 500 Index and Dow Jones Industrial Average also experienced declines on Thursday, falling by 0.85% and 0.75% to end at values of 4,278.00 and 33,414.17 respectively. The banking sector showed mixed performance with Huntington Bancshares displaying varied results against competitors JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp (NYSE:BAC)., and Wells Fargo & Co.
In comparison to its competitors, Huntington's stock decreases were less severe. JPMorgan Chase & Co., Bank of America Corp., and Wells Fargo & Co. saw their stocks decrease by 0.42%, 1.28%, and 0.84% respectively.
In terms of trading volume, Huntington Bancshares outpaced its 50-day average of 12.8 M, with a surge to 17.0 M on Thursday. This indicates increased investor activity surrounding the banking institution despite the downward trend in share price.
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