Shares of Valero Energy Corp. VLO rose 6.75% to $58.07 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.18% to 3,669.01 and the Dow Jones Industrial Average DJIA rising 0.20% to 29,883.79. This was the stock's second consecutive day of gains. Valero Energy Corp. closed $39.96 short of its 52-week high ($98.03), which the company reached on January 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Phillips 66 PSX rose 4.12% to $64.43, Marathon Petroleum Corp. MPC rose 2.86% to $40.58, and HollyFrontier Corp. HFC rose 8.48% to $26.23. Trading volume (5.3 M) remained 172,793 below its 50-day average volume of 5.4 M.