3 DJIA Stocks Hit by Concerns Over Greece
The Dow Jones Industrial Average (NYSEARCA:DIA) is down by 0.44% today and stands at 12,805. Here are three notable stocks that are experiencing large declines today.
American Express (NYSE:AXP): Both revenue growth and earnings is lagging compared to Visa (NYSE:V) and Mastercard (NYSE:MA). Since American Express is trading near its yearly highs, a correction may be in order. AXP shares recently traded at $51.45, down $0.8, or 1.53%. They have traded in a 52-week range of $41.30 to $53.80. Volume today was 2,417,941 shares versus a 3-month average volume of 6,341,480 shares. The company’s trailing P/E is 12.48, while trailing earnings are $4.12 per share.
Alcoa (NYSE:AA): Although JP Morgan believes that Alcoa has the potential for a significant upside, one won’t find that today. Alcoa’s downward slide can be considered a correction from Friday’s rise, and concerns today about Greece. AA shares recently traded at $10.68, down $0.08, or 0.74%. They have traded in a 52-week range of $8.45 to $18.47. Volume today was 12,236,200 shares versus a 3-month average volume of 29,325,400 shares. The company’s trailing P/E is 19.54, while trailing earnings are $0.55 per share.
Boeing (NYSE:BA): Problems and manufacturing issues with its 787 fleet has prompted a recall. The company insists that the problems do not pose any short-term safety issue. BA shares recently traded at $75.38, down $0.96, or 1.26%. They have traded in a 52-week range of $56.01 to $80.65. Volume today was 2,169,227 shares versus a 3-month average volume of 5,267,860 shares. The company’s trailing P/E is 14.12, while trailing earnings are $5.34 per share.