JPMorgan Chase, Bank of America and Chevron Among the Top Decliners

Investors remained mixed on Wall Street on Thursday as the Dow Jones Industrial Average ended lower by 0.36 percent or 47.15 points to 12,896.67. Standard & Poor’s 500 index declined 0.47 percent or 6.44 points to 1,367.58 while NASDAQ Composite ended at 2,976.12 points.

JPMorgan Chase & Co. (JPM) declined 4.18% in yesterday’s session to close at $34.38. Total of 53.13M shares were traded while on average the share price trades with volume figure of 47.04M shares per day. The share price is positively correlated with market index and is expected to react by 1.32 times against 1 point change in market index. The company’s total outstanding common stock accumulates up to 3.81B shares out of which 74% shares are held by different institutions.

Bank of America Corporation (BAC) plunged 2.98% to close at $7.82. Total of 115.34M shares were traded while on average the share price trades with volume figure of 185.77M shares per day. The company’s total outstanding common stock accumulates up to 10.78B shares out of which 53% shares are held by different institutions.

Chevron Corporation (CVX) declined 1.25% close at $106.03. If we analyze the price history of the last 52 weeks the share price touched it’s lowest of $86.68 while its highest was $112.28. The share price is positively correlated with market index and is expected to react by 0.78 times against 1 point change in market index. The company’s total outstanding common stock accumulates up to 1.97B shares out of which 64% shares are held by different institutions.

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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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