The DJIA stock posting the largest daily loss ahead of the close Tuesday was Verizon Communications Inc. (NYSE: VZ) which traded down 4.63% at $46.63. The stock’s 52-week range is $845.45 to $53.66. Trading volume was nearly 3-times higher than the daily average of around 14 million shares. The company said Tuesday morning that fourth quarter profits would be affected by low prices.
AT&T Inc. (NYSE: T) traded down 3.35% at $32.74. The stock’s 52-week range is $31.74 to $37.48. Trading volume more than double the daily average of around 22 million shares. AT&T followed Verizon’s announcement with one of its own that offered much the same thing.
Merck & Co. Inc. (NYSE: MRK) traded down 3.16% at $59.92. The stock’s 52-week range is $47.61 to $62.20. Volume was about 50% higher than the daily average of around 11 million shares. The company had no specific news today, but the fallout appears to be the result of Monday’s $9.5 billion agreement to acquire Cubist Pharmaceuticals.
The Coca-Cola Co. (NYSE: KO) traded lower by 2.52% at $42.05. The stock’s 52-week range is $36.89 to $45.00. Volume was about 15% above the daily average of around 17 million shares. The company had no specific news today.
Of the Dow 30 stocks 23 are set to close lower today and 7 are on track to close higher.
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