The DJIA stock posting the largest daily percentage loss ahead of the close Monday was Merck & Co. Inc. ) which traded down 6.19% at $54.63. The stock’s 52-week range is $54.41 to $66.80 with a new low set this afternoon. Volume was more than four times the daily average of around 8 million shares. The company withdrew its European application for approval of a key lung cancer treatment.
General Electric Co. (NYSE: GE) traded down 2.00% at $20.37. The stock’s 52-week range is $20.26 to $32.38 and the low was posted this afternoon. Volume was more than 50% above the daily average of around 51 million shares. The company was downgraded from Neutral to Sell at Citi this morning.
Verizon Communications Inc. (NYSE: VZ) traded down 20.7% at $47.86. The stock’s 52-week range is $42.80 to $54.83. Volume was about 30% above the daily average of around 15 million shares. The company had no specific news, but word that the Sprint-T-Mobile merger was off likely proved a drag on the stock.
3M Company (NYSE: MMM) traded down 1.69% at $230.78. The stock’s 52-week range is $163.85 to $238.90. Volume was about equal to the daily average of around 1.7 million. The company had no specific news Monday.
Of the Dow stocks, 8 are on track to close higher Monday and 22 are set to close lower.
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