[ACCESSWIRE]
LONDON, UK / ACCESSWIRE / June 17, 2016 / ActiveWallSt.com announces its coverage of market signals with highlight on these most active stocks from yesterday's session: Bank of America Corp (NYSE: BAC), General Electric Company (NYSE: GE), Freeport-McMoRan (NYSE: FCX), and Chesapeake Energy Corporation (NYSE: CHK). Register with us now for your free membership and get more on our signal alerts at:
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Stock Market Performance
U.S Stock erased early losses to close slightly higher on Thursday, June 16, 2016, snapping out of a five day losing streak amid concerns that the UK could vote in favour of leaving the European Union in the upcoming referendum on June 23, 2016 combined with rising worries about the US economy.
The S&P 500 rose 0.31% to close at 2,077.99, after having declined for the past five consecutive trading days. The Dow Jones Industrial Average gained 0.53% to 17,733.1, while the Nasdaq Composite moved up 0.21% to 4,844.92.
Today, ActiveWallSt.com is promoting its market signals coverage with emphasis on BAC, GE, FCX, and CHK. Get all of our reports for free by signing up to http://www.activewallst.com/register/.
Most Active - Bank of America
Shares of Bank of America Corp declined 0.22% finishing Thursday, June 17, 2016 trading session at $13.31. A total of 89,944,305 shares changed hands as compared to the three month average volume of 90.49 million shares. Bank of America opened the trading session at $13.23, and went down as low as $13.02 before recovering back to $13.33.
Bank of America is expected to reduce 8,000 jobs from its retail banking division as per the remarks made by Bank of America's retail banking head and consumer banking co-head Thong Nguyen at a conference on Wednesday, June 15, 2016. Shares of Bank of America have declined 4.67% in the past one month amid increasing concerns about a Brexit. The stock is down 20.34% since the beginning of the year.
Most Active - General Electric
Shares of General Electric Company gained 0.16% finishing Thursday, June 17, 2016 trading session at $30.64. A total of 49,410,514 shares changed hands as compared to the three month average volume of 30.39 million shares. GE opened the trading session at $30.14, and saw an intraday high of $30.74. One reason for yesterday's high volume can be attributed to the fact that shares of GE began trading ex-dividend on Thursday. GE's chief Jeff Immelt told French daily Le Figaro that the company is in talks with the French state and several companies about acquiring Areva-Gamesa's offshore wind joint venture Adwen. Shares of GE are up 3.13% in the past one month.
Most Active - Freeport-McMoRan
On Thursday, June 16, 2016, shares of Freeport-McMoRan declined by 2.0% to $10.78, as the natural resource company were adversely impacted by a drop in copper prices. A total of 39,489,539 shares changed hands as compared to the three month average volume of 45.27 million. Freeport-McMoRan opened the trading session at $10.81, and saw an intraday high of $10.82.
Copper for July delivery was down by 1.75% to $2.05 per pound on the COMEX. The U.S. dollar has strengthened amid concerns related to the U.K. referendum due on 23 June, 2016 that would determine the country's stance on its European Union's inclusion. A strong Dollar makes commodities priced in the greenback expensive to foreign buyer. Since the beginning of the year, Freeport-McMoRan's shares have soared 59.23.
Most Active - Chesapeake Energy
Shares of Chesapeake Energy Corporation declined 0.93% finishing Thursday's trading session at $4.24. A total of 38,916,732 shares changed hands as compared to the three month average volume of 41.60 million shares. Chesapeake Energy opened the trading session at $4.21, and went as high as $4.35 for the day, before closing at $4.24.
Chesapeake Energy's shares declined after the U.S. Energy Information Administration (EIA) reported that U.S. natural gas stockpile increased by 69 billion cubic feet for the week ending June 10 against Analysts' expectation of around 66 billion cubic feet. Shares of Chesapeake Energy are up 7.89% in the past one month.
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SOURCE: Active Wall Street
