Shares of Hess Corp. HES, +7.01% slipped 1.72% to $109.57 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.57% falling 3.56% to 4,146.87 and Dow Jones Industrial Average DJIA, -0.30% falling 3.12% to 32,997.97. The stock’s fall snapped a two-day winning streak. Hess Corp. closed $7.49 below its 52-week high ($117.06), which the company achieved on April 18th.
The stock underperformed when compared to some of its competitors Thursday, as Exxon Mobil Corp. XOM, +1.53% fell 1.52% to $90.31 and Chevron Corp. CVX, +2.66% fell 0.79% to $166.26. Trading volume (1.8 M) remained 842,307 below its 50-day average volume of 2.6 M.