Shares of People’s United Financial Inc.
slipped 4.62% to $15.29 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
falling 1.59% to 4,258.49 and Dow Jones Industrial Average
falling 2.09% to 33,962.04. This was the stock’s second consecutive day of losses. People’s United Financial Inc. closed $4.33 short of its 52-week high ($19.62), which the company reached on May 18th.
The stock underperformed when compared to some of its competitors Monday, as Brookline Bancorp Inc.
fell 2.10% to $13.50, Trustco Bank Corp.
fell 3.13% to $32.55, and Berkshire Hills Bancorp Inc.
fell 1.90% to $26.28. Trading volume (5.2 M) eclipsed its 50-day average volume of 3.1 M.