The Dow Jones Industrial Average moved up slightly yesterday, with an increase of 60 points, or 0.5%, as investors weighed on House Speaker John Boehner’s attempt to pass his “Plan B” to avert the fiscal cliff. There were only five of the Dow’s 30 components in negative territory with Merck & Co., Inc. (NYSE:MRK) losing the most.
General Electric Company (NYSE:GE) was one of the most active stocks after Reuters reported that it is going to acquire Italian aerospace supplier Avio SpA excluding its space division in a deal valued at EUR3 billion ($4 billion).[article_detail_ad_1]
A quick look on this stock’s price history reveals beta used to measure the volatility or systematic risk in comparison to the market as a whole was 1.37 and the percentage change in the price over the past 52 weeks remained at +15.47%. The price range in those 52 weeks had a best score of $23.18 on Oct 05, 2012 while lowest level during that period was $17.72 on Dec 28, 2011.
JPMorgan Chase & Co. (NYSE:JPM) was the top gainer after BofA following a report that it is set to acquire Silicon Valley company to expand credit card marketing. The stock moved up 37.91% in this year and its price history showed most recently beta was at 1.33. Overall during the last 12 months, the percentage change in the price was 32.65%, hitting the highest of $46.49 on May 27, 2012 while lowest level in that period was $30.83 on Jun 04, 2012.
The Walt Disney Company (NYSE:DIS) was another riser on news that it will launch new “Gaming Initiative” called Infinity on Jan. 15. The stock rallied 37.91% so far in 2012. DIS most recently had a beta value at 1.15 and the percentage change in the price over the last fifty two weeks remained at 35.09%. The price range in that 1-year period had a best hit of $53.40 on Sep 25, 2012 while lowest level in the same period was $37.11 on Dec 23, 2011.
So far, the share price of AT&T Inc. (NYSE:T) jumped 19.10% in this year and stock’s price history revealed that beta was maintained at 0.44 and the percentage change in the price over the last fifty two weeks remained as 14.40%.