8 Wasn’t Enough for These Dow Stocks: The Home Depot, Inc. (HD), SandRidge Energy Inc. (SD)

Outside the Dow, E TRADE Financial Corporation (NASDAQ:ETFC) fell 8%, as hedge fund Citadel announced it would sell off more than 27 million shares that it owns. Investors had hoped that Citadel might put together a bid to take over the brokerage company outright, but the sale signals that those hopes aren’t going to come to pass. Brokers have had a tough time, given low interest rates and overall investor apathy and, barring new interest from investors chasing record highs, it’s hard to see the environment getting much better for E*TRADE soon.

Finally, SandRidge Energy Inc. (NYSE:SD) fell 2.4% as it announced that directors nominated by activist investors at TPG-Axon Capital would take their places on the board immediately. With CEO Tom Ward having come under fire for alleged conflicts of interest from personal oil-and-gas land deals involving family members, the move could lead to Ward’s ouster, which TPG-Axon has sought for some time. The controversy is a distraction from the need for the oil and gas producer to focus on maximizing efficiency in a tough pricing environment, especially on the natural-gas side of the business.

The article 8 Wasn’t Enough for These Dow Stocks originally appeared on Fool.com and is written by Dan Caplinger

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool recommends Home Depot.

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