Bank of America, American Express and Coca Cola Remain Up Despite Bearish Stock Market

Bears dominated US stock markets on Wednesday as the Dow Jones Industrial Average fell 0.54 percent or 71.52 points to 13,126.21 for the day. Standard & Poor’s 500 index declined 0.49 percent or 6.98 to close at 1,405.54 while NASDAQ Composite slipped 0.49 percent or 15.39 points to 3,104.96 for the day. Following stock remained up despite bearish sentiments on the Wall Street:

Bank of America Corporation (BAC) gained 1.56% to close at $9.75 in its last trading session. If we analyze the price history of the last 52 weeks the share price touched it’s lowest of $4.92 while its highest was $13.88. The traded volume stood at 233.68M shares as compared to its average traded volume of 305.58M shares per day. Its market capitalization ended at the figure of $104.64B while the company’s total outstanding shares stand at 10.73B. The share price is positively correlated with market index and is expected to react by 2.26 times against 1 point change in market index.

American Express Company (AXP) gained 1.44% to close at $59.06 in its last trading session. If we analyze the price history of the last 52 weeks the share price touched it’s lowest of $41.30 while its highest was $59.26. The traded volume stood at 7.92M shares as compared to its average traded volume of 6.15M shares per day. Its market capitalization ended at the figure of $70.98B while the company’s total outstanding shares stand at 1.20B. The share price is positively correlated with market index and is expected to react by 1.83 times against 1 point change in market index.

The Coca-Cola Company (KO) gained 1.10% to close at $72.66 in its last trading session. If we analyze the price history of the last 52 weeks the share price touched it’s lowest of $63.34 while its highest was $72.82. The traded volume stood at 13.13M shares as compared to its average traded volume of 7.76M shares per day. Its market capitalization ended at the figure of $164.54B while the company’s total outstanding shares stand at 2.26B. The share price is positively correlated with market index and is expected to react by 0.53 times against 1 point change in market index.

Previous Post »  
Tags: , , , , , , , , ,
Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

Comments are closed.