Shares of HollyFrontier Corp. tumbled 11.47% to $30.49 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index (S&P:SPX) falling 1.84% to 4,225.50 and Dow Jones Industrial Average (DOW:DJIA) falling 1.38% to 33,131.76. This was the stock's seventh consecutive day of losses. HollyFrontier Corp. closed $11.90 below its 52-week high ($42.39), which the company achieved on March 11th.
The stock underperformed when compared to some of its competitors Wednesday, as Chevron Corp. (NYS:CVX) rose 2.38% to $135.55, Phillips 66 (NYS:PSX) fell 0.14% to $83.98, and Marathon Petroleum Corp. (NYS:MPC) rose 0.12% to $75.72. Trading volume (8.4 M) eclipsed its 50-day average volume of 1.8 M.