Shares of T. Rowe Price Group Inc. TROW advanced 1.65% to $182.49 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.02% to 4,127.99 and Dow Jones Industrial Average DJIA falling 0.16% to 33,745.40. This was the stock's second consecutive day of gains. T. Rowe Price Group Inc. hit a new 52-week high, surpassing its previous peak of $181.34, which the company reached on April 9th.
The stock underperformed when compared to some of its competitors Monday, as Ameriprise Financial Inc. AMP rose 2.03% to $245.67 and Franklin Resources Inc. BEN rose 1.89% to $31.26. Trading volume (1.2 M) eclipsed its 50-day average volume of 1.2 M.