Shares of Valero Energy Corp. VLO slumped 0.31% to $58.80 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.79% to 3,672.82 and Dow Jones Industrial Average DJIA falling 0.35% to 30,068.81. This was the stock's third consecutive day of losses. Valero Energy Corp. closed $39.23 short of its 52-week high ($98.03), which the company reached on January 13th.
The stock underperformed when compared to some of its competitors Wednesday, as Phillips 66 PSX rose 2.05% to $68.77, Marathon Petroleum Corp. MPC rose 0.45% to $42.64, and HollyFrontier Corp. HFC rose 0.30% to $27.15. Trading volume (4.4 M) remained 1.1 million below its 50-day average volume of 5.5 M.