US stock markets saw correction on Tuesday as the Dow Jones Industrial Average fell 0.49 percent or 64.94 to settle at 13,199.55 for the day. Standard & Poor’s 500 index declined 0.40 percent or 5.66 points to close at 1,413.38 while NASDAQ Composite slipped 0.20 percent or 6.13 points to settle at 3,113.57 in the last trading session.
Bank of America Corporation (BAC) plunged 1.96% to close at $9.49 in its last trading session. The traded volume stood at 189.91M shares as compared to its average traded volume of 287.79M shares per day. The company has floated 10.73B billion shares in the stock market out of its total outstanding common stock of 10.77B billion shares. Insiders hold 0.01% of the total outstanding common stock while 57.20% of outstanding shares are held by different institutions. 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.
Hewlett-Packard Company (HPQ) fell 1.80% to close at $23.45. The traded volume stood at 15.85 shares as compared to its average traded volume of 24.71M shares per day. The company has floated 1.98B billion shares in the stock market out of its total outstanding common stock of 1.98B billion shares. Insiders hold 0.08% of the total outstanding common stock while 74.20% of outstanding shares are held by different institutions. The share price is positively correlated with market index and is expected to react by 1.09 times against 1 point change in market index.
Cisco Systems, Inc. (CSCO) declined 1.37% to close at $20.82 in its last trading session. The traded volume stood at 64.10M shares as compared to its average traded volume of 36.96M shares per day. The company has floated 5.38B billion shares in the stock market out of its total outstanding common stock of 5.39B billion shares. Insiders hold 0.08% of the total outstanding common stock while 68.00% of outstanding shares are held by different institutions.
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