Chevron Easily Tops Dow Losers
The Dow Jones Industrial Average (NYSEARCA:DIA) is down by 0.7% today and stands at 12,645. Here are three notable stocks that are experiencing declines today.
Chevron (NYSE:CVX): A looming $11 billion dollar lawsuit has a way of hurting a stock. So does missing your estimates for EPS and revenues by a large margin. CVX shares recently traded at $103.92, down $2.67, or 2.5%. They have traded in a 52-week range of $86.68 to $110.99. Volume today was 5,871,186 shares versus a 3-month average volume of 8,896,010 shares. The company’s trailing P/E is 7.70, while trailing earnings are $13.50 per share.
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Exxon Mobil (NYSE:XOM): Blackstone Chairman Byron Wien believes oil will drop to $85 in the coming year. This is because of increased production in the U.S., and more oil coming from both Iraq and Libya. Exxon releases its Q4 results on Tuesday. XOM shares recently traded at $85.86, down $0.91, or 1.05%. They have traded in a 52-week range of $67.03 to $88.23. Volume today was 6,205,306 shares versus a 3-month average volume of 19,110,000 shares. The company’s trailing P/E is 10.37, while trailing earnings are $8.28 per share.
Cisco (NASDAQ:CSCO): Juniper’s (NYSE:JNPR) poor results are raising fears of a downward trend in the entire service provider sector. On the other hand, TheStreet.com surmises that Juniper’s pain could be Cisco’s gain. CSCO shares recently traded at $19.51, down $0.32, or 1.61%. They have traded in a 52-week range of $13.30 to $22.34. Volume today was 25,924,496 shares versus a 3-month average volume of 47,484,500 shares. The company’s trailing P/E is 16.85, while trailing earnings are $1.16 per share.
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