HPQ, CVX, AA: Dow Midday Movers
Shares of HP declined 1.96% to $23.51. The technology company is merging its PC and printer divisions in a cost-cutting move.
TheStreet Ratings gives HP a C+ grade and a hold rating.
Chevron shares fell 1.28% to $107.68. The energy company was "careless" and used more pressure than necessary when it was drilling in Brazil, which subsequently caused a spill, said Rio de Janeiro State Environment Secretary Carlos Minc, Bloomberg reported.
Chevron gets an A grade from TheStreet Ratings with a buy rating and a $135.46 price target.
Shares of Alcoa dropped 1.25% to $10.31. TheStreet Ratings gives Alcoa a C grade and a hold rating.
The biggest gainer in the index midday Wednesday was Home Depot(HD) . Shares rose 42 cents, or 0.85%, to $49.80.
In the news Wednesday, Home Depot is trying for the third time to put a store in the San Francisco area, the San Francisco Business Times reported.
TheStreet Ratings gives Home Depot an A+ grade with a buy rating and a $59.06 price target.
-- Written by Alexandra Zendrian
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