The 4 Stocks That Mixed the Markets
April 24, 2014 by Paul AusickTelecom giant Verizon Communications Inc. (NYSE: VZ) traded down 2.4% at $46.29 and led the slide in the DJIA today. The company’s first quarter results were mixed, and given peer AT&T’s weak showing on Wednesday, investors were not in the mood to be charitable today. The stock’s 52-week range is $45.08 to $54.31. Share volume was about 20% below the daily average of around 44 million shares traded.
Another Dow 30 component, Caterpillar Inc. (NASDAQ: CAT) also reported earnings this morning. The company posted a new 52-week high and traded up 1.87% at $105.31 in a new 52-week range of $80.86 to $107.40. Volume was about 10% above the daily average of around 6 million shares.
Apple Inc. (NASDAQ: AAPL) traded today at $569.69, posting a rise of 8.56% shortly before the closing bell. The stock’s 52-week range is $388.87 to $575.14. Share volume was about double the daily average of around 10.5 million shares traded. The company posted good numbers last night and announced a 7-for-1 stock split.
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Health insurer UnitedHealth Group Inc. (NYSE: UNH)) traded up 1.79% today at $76.66 in a 52-week range of $58.61 to $83.32. Competitor Aetna announced earnings today and said that it expects to double its operating income by 2020 as a result of Obamacare. That was enough to boost UnitedHealth which reported disappointing results last week. Volume was about 40% below the daily average of around 5 million shares traded.
Of the Dow 30 stocks 13 were set to close higher today while 15 look to close lower and are on track to close unchanged.
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