The stock of Central Fidelity Banks continued to trade heavily Wednesday as the market absorbed Tuesday's offering of three million shares of new stock.

Initially, Central Fidelity bucked the general trend on the stock market Wednesday, gaining as much as $1.50 in intraday trades. The stock finished the day unchanged at $34.50 as the Dow slid 19.18, to 3,365.14.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.