Computer Sciences and 2 S&P 500 Stocks Tanking Now

The S&P 500 (NYSEARCA:SPY) is down today by 1.05% and stands at 1,242.00. Here are three stocks that are experiencing declines today.

Computer Sciences Corporation (NYSE:CSC) JPMorgan Chase downgrades shares to Underweight from Neutral while Computer Sciences Corporation (NYSE:CSCis down 9.14%.
The bears aren’t done yet with Computer Sciences, as shares tumble again after yesterday’s 15% drubbing. The IT outsourcing firm is heavily dependent upon government contracts, and warnings that federal budget constraints are reducing public sector demand shake CSC investors. The shares recently traded at $25.10, down $2.8, or 10.04%. They have traded in a 52-week range of $24.98 to $56.61. Volume today was 4,507,534 shares versus a 3-month average volume of 2,378,980 shares. The company’s trailing P/E is 5.03, while trailing earnings are $4.99 per share.

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Micron Technology Inc., (NYSE:MU) is down 3.77%. The shares recently traded at $5.12, down $0.23, or 4.3%. They have traded in a 52-week range of $3.97 to $11.95. Volume today was 41,306,431 shares versus a 3-month average volume of 38,651,400 shares. The company’s trailing P/E is 30.09, while trailing earnings are $0.17 per share.

Bed Bath and Beyond, Inc. (NYSE:BBBY) is down 2.81%. The shares recently traded at $59.38, down $2.09, or 3.4%. They have traded in a 52-week range of $42.31 to $63.83. Volume today was 2,744,521 shares versus a 3-month average volume of 2,871,700 shares. The company’s trailing P/E is 16.91, while trailing earnings are $3.51 per share.

Investing Insights: Viacom and 2 Stocks Leading the S&P 500 Higher.