Stocks on the Decline Bringing the Entire Wholesale Sector Down

On August 18, 2015, three of the leading indices for trading were demonstrating a decline in numbers, including the Dow Jones Industrial Average showing a -.01 percent or 16 points drop to 17,529.

The Wholesale industry index dropped .5 percent while the S&P 500 dropped .2 percent, and the NYSE had 98 advancing and 2,001 declining with the remaining 166 staying unchanged.

1436140584205

Aegean Marine Petroleum Network (ANW) was established in the mid-1990s and features its headquarters in Athens. The founder of Aegean Marine Petroleum, an independent fuel company, is Dimitris Melissanidis, and the company has a stock ticker of ANW on the New York Stock Exchange. By the 18th of August, the company’s stock was down by 18.3% and the remainder of the week demonstrates a five-day average, of the stock at $8.31 a share, down .72% or .06 points.

Arrow Electronics, headed up by CEO Michael J Long, also demonstrates a decline on the 18th of the month, dropping 1.8% on the NYSE. The Colorado-based Fortune 500 Company focuses on the delivery and successful distribution of computer products and components. With a stock symbol of ARW, the company that’s is the parent company of subsidiaries like Microtronica, and Arrow Europe GmbH, had a five day overall decline of 3.05% or 1.69 points, landing at $53.79 a share.

Rockwell Automation, a Milwaukee, a Wisconsin-based company headed up by the Chairman & CEO Keith Nosbusch, specializes in industrial automation and manufacturing execution systems. The company trades on both the S&P 500 and the NYSE on the ticker symbol ROK. As of Tuesday, August 18, the company’s stock dropped by 1.0%. Over the last five days, the stock has dropped by 2.06% or 2.29 points, landing the stock at $108.94 a share.

Genuine Parts is not doing much better. The Genuine Parts Company trades on the NSYE under the ticker symbol GPC. GPC is the parent company of the National Automotive Parts Association, BALKAMP, Motion Industries, Altrom America Corp, and eight other subsidiaries. As of the 18th, the nearly 90-year-old, Atlanta, Georgia-based company headed up by CEO Thomas C. Gallagher dropped by .7%. The five-day average for the company dropped 2.71% or 2.32 points leaving the company stock at $83.43 a share.

There were other stocks that really helped in bringing the Wholesale industry down this week, including Tech Data, the Hain Celestial Group, and McKesson Corporation. The Tech Data Corp trades on the NASDAQ under TECD, and by the 18th, the company was down by 5.7% at $56.25 a share. Thankfully, an upswing was demonstrated by Friday, with an increase of .66% up to .42 points and $64.07 per share. By Friday of the same week, Hain Celestial Group (HAIN), showing an initial decline of 5.4% earlier in the week, shows an increase of 3.71%, 2.33 points, up to $60.49 a share.

Finally, also showing a decline earlier in the week Ws McKesson, trading on the NYSE as MCK. The company has a -0.6% decline drop t o$214.94 a share. This decline continued and resulted in a 3.37 percent or 7.85 point drop to $202.64 USD per share over the course of the next five days.


Leave a Comment