Charles Schwab Corporation (The) (SCHW) Dips 9.77% for March 16

Equities Staff  |

Among the S&P 500’s biggest fallers on Monday March 16 was Charles Schwab Corporation (The) (SCHW). The stock experienced a 9.77% decline to $30.56 with 21.42 million shares changing hands.

Charles Schwab Corporation (The) started at an opening price of 28.59 and hit a high of $32.66 and a low of $28.00. Ultimately, the stock took a hit and finished the day at $3.31 per share. Charles Schwab Corporation (The) trades an average of n/a shares a day out of a total 1.29 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Charles Schwab Corporation (The) hit a high of $51.65 and a low of $28.12 over the last year.

Based in San Francisco, Charles Schwab operates in the brokerage, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website. It also operates a bank and a proprietary mutual fund business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $3 trillion of client assets. Nearly all of its revenue is from the United States.

With its headquarters located in San Francisco, CA, Charles Schwab Corporation (The) employs 19,700 people. After today’s trading, the company’s market cap has fallen to $39.31 billion, a P/S of n/a, a P/B of 2.08, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Charles Schwab Corporation (The) and to follow the company’s latest updates, you can visit the company’s profile page here: SCHW’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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