Merck, Kraft Foods and Cisco Remain Up Despite Selling Pressure at Wall Street

Correction was seen at Wall Street on Monday as the Dow Jones Index was slightly down by 14.68 points or 0.11 percent to 13,213.63. Standard & Poor’s 500 index fell 0.39 or 5.45 percent to settle at 1,397.91 in yesterday’s session while NASDAQ Composite declined 0.74 percent or 22.84 points to close at 3,046.36 for the day.

Merck & Co. Inc. (MRK) surged 2.03% in its last trading session to close at $39.24. The company has floated 3.04B billion shares in the stock market out of its total outstanding common stock of 3.04B billion shares. In company’s outstanding commons stock structure, insiders hold 0.03% of outstanding shares while institutions have the ownership of 0.03% of company’s common stock.

Kraft Foods Inc. (KFT) surged 1.19% in its last trading session to close at $39.87. The stock price moved 20.03 times to its earnings per share in the last trading session. The share price is trading at dividend yield of 2.91 percent.

Cisco Systems, Inc. (CSCO) surged 0.00% in its last trading session to close at $20.16. Total of 36.40M shares were traded while on average the share price trades with volume figure of 38.28M shares per day. The stock price moved 15.71 times to its earnings per share in the last trading session. The share price is trading at dividend yield of 1.59 percent.

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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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