Early Morning Insight: The Bank of New York Mellon Corp., The Progressive Corp., Apollo Investment Corp., and Deutsche Bank AG
LONDON, October 31, 2013 /PRNewswire/ --
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On Wednesday, October 30, 2013, all three indexes of the US equity market declined. The S&P 500 ended the day at 1,763.31, down 0.49%; the Dow Jones Industrial Average closed at 15,618.76, down 0.39%; and the NASDAQ Composite finished at 3,930.62, down 0.55%. Shares in the financial sector ended on a lower note, tracking losses in the broader market. The major movers in the sector included The Bank of New York Mellon Corporation (NYSE: BK), The Progressive Corporation (NYSE: PGR), Apollo Investment Corporation (NASDAQ: AINV), and Deutsche Bank AG (NYSE: DB). All these companies are tracked by AAAResearchReports.com. Download free technical analysis and charting reports on BK, PGR, AINV, and DB now at:
The Bank of New York Mellon Corp.'s stock edged lower on Wednesday, closing at $31.99, down 0.44%, after oscillating between $31.88 and $32.23 during the trading session. A total of 3.66 million shares were traded, which is below the daily average volume of 4.40 million. The company's shares have gained 5.96% in the previous one month, outperforming the S&P 500, which has advanced 4.86% during the same period. Further, The Bank of New York Mellon Corp.'s stock is trading near its 52-week high of $32.36 and also above its 50-day and 200-day moving averages of $30.76 and $29.32, respectively. Download free research on BK today by registering at:
Shares in The Progressive Corp. posted losses on Wednesday, vacillating between $26.04 and $26.28 before finishing the day 0.34% lower at $26.16. A total of 2.50 million shares were traded, which is below the daily average volume of 3.29 million. The Progressive Corp.'s shares have advanced 0.96% in the previous three months, underperforming the S&P 500, which has advanced 4.59% during the same period. Additionally, the company's stock is trading below its 50-day moving average of $26.40. Sign up and have access to our free report on PGR at:
On Wednesday, Apollo Investment Corp.'s stock declined to close at $8.58, down 0.69% from the previous day's closing price of $8.64. The company's shares vacillated between $8.51 and $8.64 during the trading session. A total of 1.15 million shares were traded, which is below the daily average volume of 1.69 million. Despite Wednesday's pullback, the company's shares have gained 5.54% in the previous three months and 5.26% in the last one month, outperforming the S&P 500, which has gained 4.59% and 4.86% during the respective periods. Furthermore, Apollo Investment Corp.'s stock is trading near its 52-week high of $9.08 and also above its 50-day and 200-day moving averages of $8.22 and $8.33, respectively. Sign up and read the complimentary report on AINV at:
Shares in Deutsche Bank AG fell by 1.67% on Wednesday, closing the day at $48.76, after trading between $48.50 and $49.27 during the trading session. A total of 0.86 million shares were traded, which is below the daily average volume of 0.93 million. Despite Wednesday's decline, Deutsche Bank AG's stock has gained 6.28% in the last one month and 7.45% in the previous three months, outperforming the S&P 500, which has gained 4.86% and 4.59% during the respective periods. Moreover, the company's shares are trading above their 50-day and 200-day moving averages of $46.92 and $45.64, respectively. The free report on DB can be downloaded by signing up now at:
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