3 Dow Laggards in a See-Saw Market
The Dow Jones Industrial Average (NYSE:DOW) is down by 0.10% today and stands at 12,865. Here are three stocks selling off despite a flat day.
Exxon Mobil (NYSE:XOM) is down today because the price of oil slipped below $97. The decline can be attributed to increased crude supply in the United States, which is a trend that should continue until the spring. There is also the question of how the price of oil will be affected by stronger iran sanctions going forward. XOM shares recently traded at $85.05, down $0.82, or 0.95%. They have traded in a 52-week range of $67.03 to $88.23. Volume today was 6,331,108 shares versus a 3-month average volume of 18,177,400 shares. The company’s trailing P/E is 10.08, while trailing earnings are $8.42 per share.
Merck (NYSE:MRK): A promising anti-clotting drug called Vorapaxar is found to actually cause internal bleeding and even strokes. This discovery during trials does not help the fate of the drug. MRK shares recently traded at $38.32, down $0.31, or 0.8%. They have traded in a 52-week range of $29.47 to $39.43. Volume today was 4,178,838 shares versus a 3-month average volume of 15,930,300 shares. The company’s trailing P/E is 18.96, while trailing earnings are $2.02 per share.
McDonald’s Corporation (NYSE:MCD): Even though January sales figures were better than expected, gains in Europe of 4% were far lower than hoped for. MCD shares recently traded at $100.14, down $0.77, or 0.76%. They have traded in a 52-week range of $72.89 to $102.22. Volume today was 2,208,674 shares versus a 3-month average volume of 5,460,150 shares. The company’s trailing P/E is 19.01, while trailing earnings are $5.27 per share.
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