A Group of US Stocks that made Unusual Moves Friday

A Group of US Stocks that made Unusual Moves Friday

A Group of US Stocks that made Unusual Moves Friday

$DD, $DOW, $IBM, $AA, $X, $NE

HeffX-LTN tracked some unusual moves in the following stocks which played at part in the “why” the US market did not move higher Friday:

E. I. du Pont de Nemours and Company (NYSE:DD) was down 1.9% to 67.66. The driving force here was that the EU opens an antitrust probe on the Dow Chemical and DuPont merger that is pending.

Dow Chemical Company (NYSE: DOW) was down 2.4% at 52.33 Friday.

International Business Machines Corporation (NYSE:IBM) was down 1% at 161.95 after the close. One of IBM’s big problems is that the turnaround is elusive, yet the stock is 8.00+ higher than the analysts’ consensus price target.

Alcoa Inc. (NYSE:AA) reflect a lack of enthusiasm in the base metals sector. The shares closed down 2.4% at 10.17 Friday. This was proven by United States Steel Corp. (NYSE:X), which closed down 7.1% at 21.06 Friday. Also, ArcelorMittal, Freeport, Vale and others closed lower on confirmation.

Noble Corporation plc (NYSE:NE) hit the 52-week low list again Friday. This may not represent the Oil & Gas services sector as a whole, but that issue closed down 6.7% at 6.41 on Friday, and the new 52-wk trading range low is now 6.33. Noble’s 14.7-M shares was almost 2X its normal volume

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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