The DJIA stock posting the largest daily percentage loss ahead of the close Thursday was E. I. du Pont de Nemours and Company (NYSE: DD) which traded down 2.29% at $69.64. The stock’s 52-week range is $63.70 to $80.65. Trading volume totaled about 4 million shares, well short of the daily average of around 6.2 million. The company had no specific news today.
Verizon Communications Inc. (NYSE: VZ) traded down 2.12% at $48.04. The stock’s 52-week range is $45.09 to $53.66. Nearly 32 million shares traded hands today, more than double the daily average of around 14.8 million. The telecom giant is widely seen as the loser in the event a deal is reached and Dish Network merges with T-Mobile. Verizon’s massive debt related to its acquisition of the 40% of Verizon Wireless once owned by Vodafone makes it tough for the company to make a competing offer.
The Boeing Co. (NYSE: BA) traded down 1.78% at $141.11. The stock’s 52-week range is $116.32 to $158.83. Trading volume reached about 2.5 million shares, well below the daily average of around 3.9 million. The company had no specific news today.
Cisco Systems Inc. (NASDAQ: CSCO) traded lower by 1.67% at $28.61. The stock’s 52-week range is $22.49 to $30.31. Trading volume topped 20 million shares, well below the daily average of around 25.5 million. Some of the company’s top managers are being moved out as a new CEO prepares to take over.
Of the Dow 30 stocks 29 are set to close lower today and just 1 is on track to close lower.
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