Stocks with Biggest Hits at Dow Jones: Bank of America, Alcoa and Microsoft

Most of the stocks turned red on Wednesday as the Dow Jones Industrial Average plunged 0.95 percent or 124.80 to close at 13,074.75 points. Standard & Poor’s 500 index fell 1.02 percent or 14.42 to 1,398.96 while NASDAQ Composite declined 1.46 percent or 45.48 to settle at 3,068.09 for the day.

Investors were mixed about the Bank of America Corporation (BAC) as the stock plunged 3.06% to close at $9.20 in its last trading session. Total of 228.56M shares were traded while on average the share price trades with volume figure of 283.02M shares per day. Looking at its price history the share price has traded within the prices ranges of $4.92 to $13.88 in last one year. The share price is positively correlated with market index and is expected to react by 2.28 times against 1 point change in market index.

Alcoa, Inc. (AA) fell 2.49% to close at $9.81 in its last trading session. Traded volume stood at 24.62M shares while on average the share price trades with volume figure of 23.72M shares per day. In company’s outstanding commons stock structure, insiders hold 0.06% of outstanding shares while institutions have the ownership of 0.06% of company’s common stock. The share price is positively correlated with market index and is expected to react by 2.07 times against 1 point change in market index.

Microsoft Corporation (MSFT) declined 2.29% to close at $31.21 in its last trading session. The company has floated 7.55B billion shares in the stock market out of its total outstanding common stock of 8.39B billion shares. In company’s outstanding commons stock structure, insiders hold 10.19% of outstanding shares while institutions have the ownership of 10.19% of company’s common stock.

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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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