One of the Dow’s highest weighted stocks, International Business Machines Corp. (NYSE: IBM) looks to be the leading loser on the index today. The shares traded down 1.90% at $188.52. Big Blue hosted its analyst day meeting today and the CEO reiterated her goal of $20 in earnings per share by next year. Not everyone believes that’s what IBM should be pointed at. The stock’s 52-week range is $172.19 to $211.98. Share volume was about 20% below the daily average of around 5 million shares traded.
Another stock dragging the DJIA down was The Walt Disney Co. (NYSE: DIS) which traded down 1.57% at $80.79 in a new 52-week range of $60.41 to $83.65. Volume was about 25% below the daily average of nearly 7 million shares. There was no new on the company today, although most media companies also traded lower today.
Among heavily traded tech stocks Facebook Inc. (NASDAQ: FB) slipped 1.09% today and traded at $59.18. The stock’s 52-week range is $22.67 to a $72.59. Share volume was about 35% lower than the daily average of around 70 million shares traded. Not a very good 30th birthday gift for founder and CEO Mark Zuckerberg.
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The Home Depot Inc. (NYSE: HD) traded down 1.25% today at $76.31 in a 52-week range of $72.21 to $83.20. The specialty realtor got hit with a price target downgrade from Jefferies this morning and on a light volume day when traders are looking for news, the effect of the drop was probably magnified. Volume was about 20% below the daily average of around 6.8 million shares.
Of the Dow 30 stocks only 5 looked to close higher today while 25 were on their way to a lower finish.
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