Afternoon Movers: C, JPM, BP, DELL, AMD, WFR, LTBR
Thursday, June 24, 2021 2:45 PM

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Citigroup (NYSE: C) shares dropped 7 cents or 1.67% to $3.83 in mid-day trading on volume of over 404 million. The three-month average daily volume for Citigroup is 821.17 million. Shares of the leading US banks retreated on Thursday on concerns over the fallout of financial reform legislation. US lawmakers have said that the negotiations over the financial overhaul bill will be finalized on Thursday evening. Bank shares also came under pressure after credit-default swaps on Greece surged to an all-time high amid persistent worries about the fate of the debt-ridden European economy. 

JP Morgan Chase & Co. (NYSE: JPM) slumped 1.70% to $38.23 in afternoon trading on volume of over 50.8 million. The three-month average daily volume for JP Morgan is 46.74 million.  Citigroup analysts on Thursday lowered their second quarter EPS estimates for JP Morgan (NYSE: JPM) from $0.94 to $0.70.

British energy giant BP Plc (NYSE: BP) plunged 2.90% to $28.81 in mid-day trading one volume of over 47.1 million. The three-month average daily volume for BP is 47.8 million. 

PC maker Dell (NASDAQ: DELL) slid $5.64 to $13.04 in mid-day trading on volume of 40.2 million. After the closing bell on Wednesday, Dell Inc. (NASDAQ: DELL) said that it expects revenue for fiscal 2011 to increase 14 to 19 percent over fiscal 2010. Dell also said it expects that non-GAAP operating income to increase by 18 to 23 percent over fiscal 2010 and cash flow from operations will be greater than net income for the current year.  

AMD (NYSE: AMD), the second largest chipmaker, tumbled 3.97% to $8.22 at 2:43 pm ET.

Shares of MEMC Electronic Materials Inc. (NYSE: WFR) plummeted 5.30% to $10.55 in afternoon trading. 

Lightbridge Corp. (NASDAQ: LTBR) sank 12.01% to $8.35 in mid-day trading. Shares of the company had jumped more than 60% on Wednesday after it announced that it has invented new transformational nuclear fuel technology.

Disclosure: Author doesn’t own any of the stocks discussed here.

 

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User SymbolConsen EPSEstimate EPSActual EPS
Jim OPNT$0.10$0.09$0.07
XXXXX MNT$0.33$0.33$0.35
XXXXX OPNT$0.10$0.05$0.07
XXXXX PETM$0.33$0.33$0.34
XXXXX JBX$0.70$0.82$0.80
XXXXX HPQ$0.69$0.70$0.70
XXXXX OPNT$0.10$0.09$0.07
XXXXX CHUX$0.31$0.35$0.36
XXXXX HPQ$0.69$0.70$0.70
XXXXX CRM$0.01$0.00$0.01

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mikeXXXXX RIMM$1.34
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joe blowXXXXX DLM$0.22
XXXXXXXXXX INTC$0.43
klineXXXXX Q$0.09
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XXXXXXXXXX AMAT$0.21