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

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.