Washington Mutual Inc. shares slid further from their record high Wednesday, when an analyst downgraded the stock and U.S. Bancorp's president dismissed merger rumors pairing his company with the thrift.

Shares in Wamu, as it is known, closed at $44.125, down 56.25 cents. They have been falling steadily since May 21, when they hit $50.9375.

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.