The DJIA stock posting the largest daily percentage loss ahead of the close Wednesday was Nike Inc. (NYSE: NKE) which traded down 1.67% at $91.20. The stock’s 52-week range is $70.60 to $99.76. Trading volume was about equal to the daily average of 3.3 million shares. The company had no specific news today, but a Chinese sportswear company posted a big profit gain today and traders might have wanted to trim positions in Nike.
AT&T Inc. (NYSE: T) traded lower by 1.46% at $34.34. The stock’s 52-week range is $31.76 to $37.48. Trading volume was about 10% below the daily average of around 26 million shares. The company had no specific news today.
Cisco Systems Inc. (NASDAQ: CSCO) traded down 1.44% at $27.09. The stock’s 52-week range is $21.27 to $28.70. Trading volume was about 15% higher than the daily average of around 29 million shares. The company reports earnings after Wednesday’s closing bell.
Wal-Mart Stores Inc. (NYSE: WMT) traded down 1.07% at $86.36. The stock’s 52-week range is $72.61 to $90.97. Trading volume was about 40% below the daily average of around 7.4 million shares. Analysts at HSBC downgraded the stock from Overweight to Neutral this morning and lowered the price target to $87.00.
Of the Dow 30 stocks 11 are set to close higher today and 19 are on track to close lower.
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