Stocks are slipping in midday trading as GDP numbers came in lower than expected. The economy grew at a 2.8% annual rate in the last three months of the year. Economists were expecting 3% growth. Inventory stockpiling accounted for 1.9% of the GDP in the fourth quarter.If you take that out, the economy only grew at 0.8%. The Dow is currently down 83 points, the Nasdaq is up 5 points and the S&P 500 is down 4 points.
Frontier Communications Company (NASDAQ:FTR) is down 5.15% in midday trading at $4.23. FTR has traded 38.7 million shares so far today, about double its daily average. FTR shares are down about 20% on the year. The company has a market cap of 4.23 billion. Check out one of the best swing traders on the street.
Cisco Systems, Inc. (NASDAQ:CSCO) is down 1.26% today at $19.56. CSCO has traded 27.9 million shares so far today and trades 47.4 million shares a day on average. CSCO shares are dipping a little bit today as the overall market looks weak right now. The company has a market cap of 105.10 billion.
Research In Motion Limited (NASDAQ:RIMM) is up 2.65% in midday trading at $16.70. RIMM has traded 14.1 million shares today and trades 24.4 million shares a day on average. RIMM shares have been bouncing back the past few days after falling more than $2 a share earlier this month. The company has a market cap of 8.62 billion.
Human Genome Sciences, Inc. (NASDAQ:HGSI) is up 8.61% today at $10.60. HGSI has traded 7.5 million shares so far today, 1 million shares more than its daily average. HGSI shares are up more than $3 a share since the start of the year. The company has a market cap of 2.08 billion. Check out one of the best swing traders on the street.
Eastman Chemical Company (NYSE:EMN) is up 4.90% in midday trading at $49.44. EMN has traded 10.8 million shares right now, well above its daily average of 1.6 million shares.EMN shares are up today after the company bought Solutia for $3.4 billion. The company has a market cap of 6.78 billion.
United Continental Holdings (NYSE:UAL) is up 6.36% today at $23.08. UAL has traded 10.5 million shares today, 80% more than its daily average. UAL shares are up today after the company posted fourth quarter results that beat surpassed analysts expectations. The company has a market cap of 7.64 billion.