Among the S&P 500’s biggest fallers on Wednesday November 13 was Dow Inc. (DOW). The stock experienced a 2.72% decline to $53.66 with 3.42 million shares changing hands.
Dow Inc. started at an opening price of 54.19 and hit a high of $54.48 and a low of $53.46. Ultimately, the stock took a hit and finished the day at $1.5 per share. Dow Inc. trades an average of n/a shares a day out of a total 741.5 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Dow Inc. hit a high of $60.52 and a low of $40.44 over the last year.
Dow Inc is a diversified chemical manufacturing company. It combining science and technology to develop innovative solutions that are essential to human progress. Dow’s portfolio is comprised of six global business units, organized into three operating segments: Performance Materials and Coatings, Industrial Intermediates and Infrastructure and Packaging and Specialty Plastics.
With its headquarters located in Midland, MI, Dow Inc. employs 37,000 people. After today’s trading, the company’s market cap has fallen to $39.79 billion, a P/S of n/a, a P/B of 2.29, and a P/FCF of n/a.
For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.
