Canadian Imperial Bank of Commerce stock falls Tuesday, underperforms market

Shares of Canadian Imperial Bank of Commerce CM dropped 0.83% to C$55.17 Tuesday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.00% to 20,585.73. Canadian Imperial Bank of Commerce closed C$15.93 short of its 52-week high (C$71.10), which the company achieved on June 6th. Trading volume of 2.0 M shares remained below its 50-day average volume of 4.2 M.