The Dow 30 stock posting the largest daily gain ahead of the close today was The Procter & Gamble Co. (NYSE: PG) which traded higher by 2.52% at $85.33. The stock’s 52-week range is $75.26 to $85.97, a new 52-week high set today. Volume was about 40% higher than the daily average of around 7.4 million shares. The company beat estimates today and announced that it would hive off its Duracell business.
3M Company (NYSE: MMM) traded up 2.41% at $148.55. The stock’s 52-week range is $122.87 to $148.79, a second consecutive 52-week high. Trading volume was about 30% higher than the daily average of around 2.7 million shares. The company continues to shine after its earnings beat on Thursday morning.
Pfizer Inc. (NYSE: PFE) traded up 2.06% at $29.19. The stock’s 52-week range is $27.51 to $32.96. The drugmaker said last night that it plans to initiate a $11 billion stock buyback program to add to the $1.3 billion remaining in the current plan. Volume was about 15% below the daily average of around 25 million shares.
Verizon Communications Inc. (NYSE: VZ) traded up 1.22% at $48.81 in a 52-week range of $45.45 to $53.66. Volume was about 20% below the daily average of around 14 million shares. Verizon had no specific news today.
Of the Dow 30 stocks only 3 are set to close lower today and 27 are on track to close higher, the proportion as on Thursday.
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