Alcoa Inc (NYSE:AA) has posted heavy gains in today’s trading session and is already up by more than 3 percent to $16.96 in the first half the trading session. The traded volume has reached the figure of 17.76 million shares till now as compared to its average traded volume of 27.52 million shares per day. The share price is 1.67 percent above than its 50 days simple moving average and relative strength index of 56.70 times also indicate considerable margin for further capital gains in the stock price. The share price is trading at high price to earnings of 74.77 times which ring alarms for investors believing fundamentals.
3M Company (NYSE:MMM) has surged more than 2 percent in first half of today’s trading session to $92.64 with traded volume of 2.48 million shares till now. The share price maintains the average traded volume of 3.69 million shares per day. 3M maintains a strong fundamental position which is evident from its financials. The company maintains enough current assets to cover its current liabilities by 2.01 times. Moreover the company also maintains high profitability which can be seen from its high net profit margin and return on equity of 15.61 percent and 28.74 percent respectively.
The Walt Disney Company (NYSE:DIS) has gained 1.69 percent to $42.14 in today’s session. The traded volume figures has reached 7.22 million shares till now as compared average volume of 11.54 million shares per day. The share price maintains the beat value of 1.12 times which means that Disney’s stock is likely to change by 1.12 times against 1 point change in market index.Previous Post » Movements of Blue Chip Stocks Triggered on Major News