The 4 Stocks That Weighed on the Market

Investing

Published: September 23, 2014 4:01 pm

Last Updated: April 28, 2020 6:25 am

September 23, 2014: Markets opened lower again on Tuesday following the announcement late Monday of new rules governing tax inversions. There was scant economic data released today, and all equity sectors could close in the red for the day. Shortly before the closing bell the DJIA traded down 0.46% for the day, the S&P 500 traded down 0.38%, and the Nasdaq Composite traded down 0.22%.

The Dow 30 stock posting the largest percentage loss today was UnitedHealth Group Inc. (NYSE: UNH) which traded down 1.09% at $86.82. The stock’s 52-week range is $66.72 to $88.85. Less than a handful of Dow 30 stocks are trading above break-even today, and UnitedHealth is not one of them. Trading volume was about 45% below the daily average of around 3.6 million shares.

Cisco Systems Inc. (NASDAQ: CSCO) traded down 0.96% at $24.74 in a 52-week range of $20.22 to $26.08. Trading volume was about 30% below the daily average of around 25 million shares. Eight Cisco insiders reportedly sold $19 million in the company’s stock for the period between September 11 and September 19. Most were planned sales.

Microsoft Corp. (NASDAQ: MSFT) traded down 0.90% at $46.64 in a 52-week range of $32.15 to $47.57. Volume was about 15% below the daily average of 33 million shares. The stock’s share price has improve more than 43% over the past 12 months and reached the 52-week high just last Friday.

The Walt Disney Co. (NYSE: DIS) traded lower again today by 0.88% at $88.48. The stock’s 52-week range is $63.10 to $91.20. Volume was about 15% lower than the daily average of around 5.7 million shares. The company had no specific news that would account for the second straight day the shares have slipped. The stock fell almost 1.3% on Monday.

Of the Dow 30 stocks 26 stocks are set to close lower today, and 4 are on track to close higher.

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