Performing Dow Jones Components in Focus: Bank of America, Alcoa & Hewlett Packard

Upbeat sentiments were seen at Wall Street on Tuesday as the Dow Jones Industrial Average jumped 0.52 percent or 69.07 to close at 13,323.36 for the day. Standard & Poor’s 500 index gained 0.31 percent or 4.48 points to 1,433.56 while NASDAQ Composite settled at 3,104.53 for the day.

Bank of America Corporation (BAC) surged 5.24% close at $9.03. Total of 201.26M shares were traded while on average the share price trades with volume figure of 107.61M shares per day. Bank of America Corporation (BAC) maintains the beta of 2.31 which depicts that the share price is likely to change by 2.31 times against 1 point change in market index.

Alcoa, Inc. (AA) jumped 3.09% yesterday to close at $9.33. Looking at its price history the share price has traded within the prices ranges of $7.97 to $12.09 in last one year. The stock price moved 160.14 times to its earnings per share in the last trading session. Alcoa, Inc. (AA) maintains the beta of 2.04 which depicts that the share price is likely to change by 2.04 times against 1 point change in market index.

Hewlett-Packard Company (HPQ) gained 2.98% in yesterday’s session to close at $17.95. Looking at its price history the share price has traded within the prices ranges of $16.77 to $30.00 in last one year. Total of 18.47M shares were traded while on average the share price trades with volume figure of 23.04M shares per day.

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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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