DJIA Top Bears in Review: Alcoa, Bank of America, Exxon Mobil

Bears were active on Wall Street on Wednesday and almost every stock in Dow Jones composition ended lower. The Dow Jones Industrial Average plunged 1.28 percent or 160.83 points to close at 12,419.86. Standard & Poor’s 500 index fell 1.43 percent or 19.10 to 1,313.32 while NASDAQ Composite declined 1.17 percent or 33.63 to settle at 2,837.36 for the day.

Alcoa, Inc. (AA) declined 3.49% in its last trading session to close at $8.58. The traded volume stood at 18.62M shares as compared to its average traded volume of 21.90M shares per day. The share price’s market capitalization stood at $9.15B by the end of the trading session while its total outstanding shares accumulate up to 1.07B. Looking at its price history the share price has traded within the prices ranges of $8.31 to $16.83 in last one year.

Bank of America Corporation (BAC) declined 3.10% in its last trading session to close at $7.20. The traded volume stood at 206.30M shares as compared to its average traded volume of 193.06M shares per day. The share price’s market capitalization stood at $77.59B by the end of the trading session while its total outstanding shares accumulate up to 10.78B. The share price is positively correlated with market index and is expected to react by 2.31 times against 1 point change in market index.

Exxon Mobil Corporation (XOM) declined 2.61% in its last trading session to close at $79.79. The traded volume stood at 19.59M shares as compared to its average traded volume of 14.69M shares per day. The share price’s market capitalization stood at $373.11B by the end of the trading session while its total outstanding shares accumulate up to 4.68B.

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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.

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