The DJIA stock posting the largest daily gain ahead of the close Thursday was Microsoft Corp. (NASDAQ: MSFT) which traded up 3.37% at $47.28. The stock’s 52-week range is $34.63 to $50.05. Trading volume about 20% below the daily average of around 35 million shares. There was no specific news today for the company, but traders apparently noted that the shares regained their 50-day moving average.
International Business Machines Corp. (NYSE: IBM) traded up 3.28% at $156.91. The stock’s 52-week range is $150.50 to $199.21. Trading volume was about 10% below the daily average of around 5 million shares. In a report from Reuters today Big Blue said it had a big year in its cloud business and is looking to expand again next year.
American Express Co. (NYSE: AXP) traded up 2.55% at $92.75. The stock’s 52-week range is $78.41 to $96.24. Trading volume about 25% below the daily average of around 4.4 million shares. Morgan Stanley initiated coverage of Amex today with an Overweight rating and a price target of $110.
Cisco Systems Inc. (NASDAQ: CSCO) traded higher by 2.74% at $27.55. The stock’s 52-week range is $20.77 to $27.99. Volume was about 10% below the daily average of around 28 million shares. R.W. Baird affirmed its Outperform rating on the stock today and raised the price target from $29 to $32.
Of the Dow 30 stocks 29 are set to close higher today and just 1 (Boeing) is on track to close lower.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.