Stock Market Today Down Slightly, Afternoon Movers: TOPS, INTU, WFT, INTC, ALU, WMT, C, CHK

list of nasdaq stocks

The market is seeing something it hasn’t seen in a while, a boring day. Stocks are down slightly in afternoon trading as investors pause on what may be the best two month start for stocks since 1991. Concerns over Europe could be the main cause for this lull as investors continue to wonder what will happen in the EU. Greece received approval for its second bailout package earlier this week, but it remains to be seen if the country will go through with agreed austerity measures following elections in April.

In the last hour of trading the Dow is down 23 points, the Nasdaq is down 12 points and the S&P 500 is down 3 points.

TOP Ships Inc. (NASDAQ:TOPS) is up 39.43% today at $4.42. TOPS has traded 400 thousand shares so far today, way above its daily average of just 10 thousand shares. TOPS is up about 200% since early February. No real news for the company besides a corporate update on Feb 15 where TOP Ships announced it was reducing the number of company directors to 4. The company has a market cap of 14.30 million.

Intuit Inc. (NASDAQ:INTU) is up 6.43% today at $61.21. INTU has traded 5.4 million shares so far today, more than double its daily average. INTU shares are climbing today thanks a good earnings report. Intuit reported EPS of $0.51 per share, beating estimates of $0.45 per share. The company has a market cap of 18.22 billion.

Weatherford International, Ltd (NYSE:WFT) is up 5.79% in afternoon trading at $16.25. WFT has traded 27.7 million shares today, well above its average volume of 11.2 million shares. WFT shares are rebounding today after dipping yesterday due to accounting issues inside the company. The company has a market cap of 12.21 billion.

Intel Corporation (NASDAQ:INTC) is down 1.66% today at $26.71. INTC is down on average volume today with 44 million shares traded. INTC shares are up more than $2 a share on the year despite today’s action. The company has a market cap of 135.20 billion.

Alcatel-Lucent (NYSE:ALU) is down 4.38% this afternoon at $2.46. ALU is down on heavy volume today with 30.7 million shares traded, up from its average volume of 19.4 million shares. ALU shares are pulling back slightly today following a decent run up over the past two weeks from less than $2 to nearly $2.60. The company has a market cap of 5.58 billion.

Wal-Mart Stores, Inc. (NYSE:WMT) is down 2.45% today at $58.59. WMT has traded 22.6 million shares this afternoon, nearly 3 times its daily average volume. WMT shares continue lower after the company missed Wall Street estimates on its latest earnings report. The company has a market cap of 201.01 billion.

Citigroup, Inc. (NYSE:C) is down 2.94% this afternoon at $32.37. C is down on light volume today with 31 million shares traded, below its average of 51 million shares. Banking stocks fell today as the overall market is trading lower. Unease about the EU situation continues as the market lacks any real direction today. The company has a market cap of 94.71 billion.

Chesapeake Energy Corporation (NYSE:CHK) is down 2.68% today at $23.96. CHK has traded 21.6 million shares so far today, above its average volume of 15.2 million shares traded. CHK shares are seeing a slight pull back today after rallying more than $3 a share since the first of the month. The company has a market cap of 15.30 billion.

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About Danny Fisher

Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.

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