Pre-Market Review: Goodyear Tire & Rubber, Kimberly-Clark, Owens-Illinois, Pilgrim's Pride, and Hain Celestial
LONDON, June 20, 2013 /PRNewswire/ --
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The U.S. equity market saw a sharp decline on Wednesday, June 19, 2013, as market participants digested the Federal Reserve's latest monetary policy statement and comments made by Fed Chairman Ben Bernanke. The Fed maintained its $85 billion a month bond buying program even as it raised its outlook for U.S. GDP growth for 2014 slightly. Bernanke also said that if the U.S. economy continues to improve, the Fed might start easing its bond buying program towards the end of this year. This sparked a sell-off in late trading yesterday. The consumer goods sector was one of the worst performers in the S&P 500. The major movers in the sector included The Goodyear Tire & Rubber Company (NASDAQ: GT), Kimberly Clark Corp. (NYSE: KMB), Owens-Illinois Inc. (NYSE: OI), Pilgrim's Pride Corporation (NASDAQ: PPC), and The Hain Celestial Group Inc. (NASDAQ: HAIN). AAAResearchReports.com initiated preliminary technical research on GT, KMB, OI, PPC, and HAIN. These free reports are accessible by signing today at
http://www.aaaresearchreports.com/register/
Shares in The Goodyear Tire & Rubber Company rose sharply on Wednesday even as the broader market struggled. The company's shares ended the day 2.14% higher at $15.29 after trading between $14.98 and $15.49. A total of 5.69 million shares were exchanged which is slightly below thedaily average volume of 5.82 million. However, despite the gains seen yesterday, Goodyear Tire & Rubber's shares are still down 0.13% so far this week. The free technical analysis on GT is available by signing up at:
http://www.AAAResearchReports.com/GT062013.pdf
Kimberly Clark Corp.'s stock was one of the worst performers in the consumer goods sector yesterday. The company's shares ended the day 2.96% lower at $96.50 after oscillating between $96.46 and $99.40. The shares registered trading volume of 2.33 million which is below the daily average volume of 2.83 million. Kimberly Clark's shares are now trading below their 50-day and 200-day moving averages. Register now to download free research on KMB at:
http://www.AAAResearchReports.com/KMB062013.pdf
Shares in Owens-Illinois Inc. moved lower on Wednesday, tracking losses in the broader market. The company's shares ended the day 1.64% lower at $27.57 after trading between $27.57 and $28.18. A total of 842,178 shares were exchanged which is below the daily average volume of 1.01 million. However, despite the pullback yesterday, the company's shares are still trading close to their 52-week high of $29.65. A free report on OI can be accessed by registering at:
http://www.AAAResearchReports.com/OI062013.pdf
Pilgrim's Pride Corporation's stock closed higher yesterday at $13.49, up 0.97% from its previous closing price. The company's shares oscillated between $13.33 and $13.60 and saw a total of 594,959 shares traded throughout the session which is below the daily average volume of 874,554. In the last three months, shares of the company have risen over 49.70%, thus outperforming the S&P 500. Register with AAA Research Reports and download research on PPC for free at:
http://www.AAAResearchReports.com/PPC062013.pdf
Shares in The Hain Celestial Group Inc. fell sharply on Wednesday, tracking losses in the broader market. The company's shares ended the day at $67.12, down 1.42%, after hitting an intraday low of $67.11. A total of 412,348 shares were traded which is below the daily average 508,638. Hain Celestial's shares are currently trading belowtheir 50-day and 200-day moving averages. Read full free research on HAIN by signing up to AAA Research Reports at:
http://www.AAAResearchReports.com/HAIN062013.pdf
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SOURCE AAA Research Reports
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