Comcast Corp's (CMCSA.O) NBCUniversal is in discussions to sell a controlling interest in its G4 cable channel to professional mixed martial arts promotion company Ultimate Fighting Championship (UFC), the Wall Street Journal reported citing sources. The paper said the talks between the two companies are in early stages and that UFC was also in discussions with other networks for a possible deal. Comcast and UFC were not immediately available for a comment.
Comcast Corporation (Comcast) is a provider of video, high-speed Internet and phone services (cable services) to residential and business customers in the United States. Shares of CMCSA traded higher by 0.42% or $0.1/share to $24.12. In the past year, the shares have traded as low as $16.76 and as high as $27.16. On average, 16216600 shares of CMCSA exchange hands on a given day and today's volume is recorded at 16415130.
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Wednesday, June 8, 2011
Archstone approaches Vornado, others, seeking bids, (NYSE: VNO), (LEHMQ), (NYSE: BAC), (BARC)
The owners of Archstone have approached Vornado Realty Trust (VNO.N) and others including some private equity firms as they draw up a list of possible buyers for the apartment building company's assets, three sources familiar with the situation said on Wednesday. Archstone -- owned by Lehman Brothers Holdings Inc (LEHMQ.PK), Bank of America Corp (BAC.N) and Barclays Plc (BARC.L) -- is considering a sale of assets or an initial public offering, or a combination of both, sources have previously said. The company's $22 billion takeover in 2007 exemplified the excesses of the real estate boom and helped bankrupt Lehman Brothers. Vornado CEO Michael Fascitelli told Reuters on Wednesday that Archstone had reached out to his firm and others.
Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Shares of VNO fell by 0.58% or $-0.55/share to $94.33. In the past year, the shares have traded as low as $68.59 and as high as $97.93. On average, 1085780 shares of VNO exchange hands on a given day and today's volume is recorded at 1007933.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 1.03% or $-0.11/share to $10.54. In the past year, the shares have traded as low as $10.50 and as high as $16.10. On average, 133532000 shares of BAC exchange hands on a given day and today's volume is recorded at 159384160.
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Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Shares of VNO fell by 0.58% or $-0.55/share to $94.33. In the past year, the shares have traded as low as $68.59 and as high as $97.93. On average, 1085780 shares of VNO exchange hands on a given day and today's volume is recorded at 1007933.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 1.03% or $-0.11/share to $10.54. In the past year, the shares have traded as low as $10.50 and as high as $16.10. On average, 133532000 shares of BAC exchange hands on a given day and today's volume is recorded at 159384160.
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KKR eyeing minority stake in ING Direct -source, (NYSE: KKR), (ING), (NYSE: GE), (NYSE: COF)
Private equity giant KKR & Co (KKR.N) is eyeing a minority stake in ING Groep's (ING.AS) U.S. online bank, ING Direct USA, a source familiar with the situation said on Wednesday. General Electric Co's (GE.N) GE Capital and Capital One Financial Corp (COF.N) have separately submitted offers for the bank, according to Bloomberg. ING was forced to split its insurance and bank operations and agreed to divest ING Direct USA by 2013 to obtain European Commission approval for 10 billion euros of Dutch state aid received in 2008 during the financial crisis. Proceeds from the sale would be used to repay the state.
KKR & Co. L.P.: NYSE:KKR quotes & news - Google Finance Source
Archstone approaches Vornado, others seeking bids, (NYSE: VNO), (LEHMQ), (NYSE: BAC), (BARC)
The owners of Archstone have approached Vornado Realty Trust (VNO.N) and others including some private equity firms as they draw up a list of possible buyers for the apartment building company's assets, three sources familiar with the situation said on Wednesday. Archstone -- owned by Lehman Brothers Holdings Inc (LEHMQ.PK), Bank of America Corp (BAC.N) and Barclays Plc (BARC.L) -- is considering a sale of assets or an initial public offering, or a combination of both, sources have previously said. The company's $22 billion takeover in 2007 exemplified the excesses of the real estate boom and helped bankrupt Lehman Brothers. Vornado CEO Michael Fascitelli told Reuters on Wednesday that Archstone had reached out to his firm and others.
Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Shares of VNO fell by 0.58% or $-0.55/share to $94.33. In the past year, the shares have traded as low as $68.59 and as high as $97.93. On average, 1084150 shares of VNO exchange hands on a given day and today's volume is recorded at 1007933.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 1.03% or $-0.11/share to $10.54. In the past year, the shares have traded as low as $10.60 and as high as $16.10. On average, 133129000 shares of BAC exchange hands on a given day and today's volume is recorded at 159384160.
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Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Shares of VNO fell by 0.58% or $-0.55/share to $94.33. In the past year, the shares have traded as low as $68.59 and as high as $97.93. On average, 1084150 shares of VNO exchange hands on a given day and today's volume is recorded at 1007933.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 1.03% or $-0.11/share to $10.54. In the past year, the shares have traded as low as $10.60 and as high as $16.10. On average, 133129000 shares of BAC exchange hands on a given day and today's volume is recorded at 159384160.
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Warburg, TPG team up for GE rail unit -sources, (NYSE: GE), (NYSE: TRN)
Private equity firms Warburg Pincus and TPG Capital are teaming up to bid for General Electric Co's (GE.N) railcar leasing business, people familiar with the matter said. Other bidders for the GE business, which has about $3 billion of assets, include private equity firms Cerberus Capital Management and Apollo Management, these people said. Dallas-based railcar manufacturer and lessor Trinity Industries Inc (TRN.N), meanwhile, is not involved in the sale process, a Trinity official told Reuters. Trinity had bid for the establishment when GE tried to sell it in 2008, sources said. The bidders have been meeting with the management of the GE leasing operation over the past few weeks after submitting initial offers in early May, these people said. Final offers are expected around June 23, they said.
General Electric Company (GE) is a technology and financial services corporation. Shares of GE traded higher by 0.16% or $0.03/share to $18.51. In the past year, the shares have traded as low as $13.75 and as high as $21.65. On average, 53431500 shares of GE exchange hands on a given day and today's volume is recorded at 52214544.
Trinity Industries, Inc. (Trinity) is a multi-industry company that owns a variety of businesses, which provide products and services to the industrial, energy, transportation, and construction sectors. Shares of TRN traded higher by 1.51% or $0.47/share to $31.64. In the past year, the shares have traded as low as $16.11 and as high as $38.15. On average, 946811 shares of TRN exchange hands on a given day and today's volume is recorded at 1123775.
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General Electric Company (GE) is a technology and financial services corporation. Shares of GE traded higher by 0.16% or $0.03/share to $18.51. In the past year, the shares have traded as low as $13.75 and as high as $21.65. On average, 53431500 shares of GE exchange hands on a given day and today's volume is recorded at 52214544.
Trinity Industries, Inc. (Trinity) is a multi-industry company that owns a variety of businesses, which provide products and services to the industrial, energy, transportation, and construction sectors. Shares of TRN traded higher by 1.51% or $0.47/share to $31.64. In the past year, the shares have traded as low as $16.11 and as high as $38.15. On average, 946811 shares of TRN exchange hands on a given day and today's volume is recorded at 1123775.
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Archstone approaches Vornado, others seeking bids, (NYSE: VNO), (LEHMQ), (NYSE: BAC), (BARC), (NYSE: BX)
The owners of Archstone have approached Vornado Realty Trust (VNO.N) and others including some private equity firms as they draw up a list of possible buyers for the apartment building company's assets, people familiar with the situation said. Archstone -- owned by Lehman Brothers Holdings Inc (LEHMQ.PK), Bank of America Corp (BAC.N) and Barclays Plc (BARC.L) -- is considering a sale of assets or an initial public offering, or a combination of both, sources have previously said. Vornado CEO Michael Fascitelli told Reuters on Wednesday that Archstone had reached out to his firm and others. According to sources familiar with the situation, the list of potential bidders also includes private equity firms TPG Capital and Blackstone Group (BX.N), as well as sovereign wealth funds.
Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Shares of VNO fell by 0.58% or $-0.55/share to $94.33. In the past year, the shares have traded as low as $68.59 and as high as $97.93. On average, 1084150 shares of VNO exchange hands on a given day and today's volume is recorded at 1007933.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 1.03% or $-0.11/share to $10.54. In the past year, the shares have traded as low as $10.60 and as high as $16.10. On average, 133126000 shares of BAC exchange hands on a given day and today's volume is recorded at 159358176.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX remained unchanged at $16.18. In the past year, the shares have traded as low as $8.93 and as high as $19.63. On average, 3590810 shares of BX exchange hands on a given day and today's volume is recorded at 2916029.
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Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Shares of VNO fell by 0.58% or $-0.55/share to $94.33. In the past year, the shares have traded as low as $68.59 and as high as $97.93. On average, 1084150 shares of VNO exchange hands on a given day and today's volume is recorded at 1007933.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 1.03% or $-0.11/share to $10.54. In the past year, the shares have traded as low as $10.60 and as high as $16.10. On average, 133126000 shares of BAC exchange hands on a given day and today's volume is recorded at 159358176.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX remained unchanged at $16.18. In the past year, the shares have traded as low as $8.93 and as high as $19.63. On average, 3590810 shares of BX exchange hands on a given day and today's volume is recorded at 2916029.
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CME cites regulatory uncertainty for weak stock, (NASDAQ: CME)
Executives at CME Group Inc (CME.O) on Wednesday blamed uncertainty over regulatory changes for hampering the exchange operator's shares, adding it would look to global partnerships -- not acquisitions -- for growth. And in a closely watched annual vote, shareholders of the Chicago Mercantile Exchange parent company approved a 47 percent pay raise for Chief Executive Craig Donohue, to $7.8 million, according to a preliminary tally of votes. Shareholder advocacy group ISS urged shareholders last month to vote against the pay raise because CME's shares have lagged peers. The shares of the world's largest futures exchange operator are down 18 percent so far this year compared with a 4 percent drop in the Dow Jones Global Exchange index .DJGEX. The stock is down 8 percent this month as data showed the U.S. economic recovery stumbled -- making an interest rate rise less likely and hurting the outlook for CME's treasury and Eurodollar trading.
CME Group Inc. offers access to all asset classes for futures products from a single electronic trading platform, and on trading floors in Chicago and New York City. Shares of CME fell by 1.41% or $-3.74/share to $262.24. In the past year, the shares have traded as low as $234.50 and as high as $328.00. On average, 474311 shares of CME exchange hands on a given day and today's volume is recorded at 570747.
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CME Group Inc. offers access to all asset classes for futures products from a single electronic trading platform, and on trading floors in Chicago and New York City. Shares of CME fell by 1.41% or $-3.74/share to $262.24. In the past year, the shares have traded as low as $234.50 and as high as $328.00. On average, 474311 shares of CME exchange hands on a given day and today's volume is recorded at 570747.
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Archstone approaches Vornado, others seeking bids, (NYSE: VNO), (NYSE: BX), (NYSE: EQR), (NYSE: AVB)
The owners of Archstone have approached Vornado Realty Trust (VNO.N) and others including several private equity firms as they draw up a list of possible buyers for the apartment building company's assets, people familiar with the situation said. Vornado CEO Michael Fascitelli told Reuters on Wednesday that Archstone had reached out to his firm and others. According to sources familiar with the situation, the list of potential bidders also includes private equity firms TPG Capital and Blackstone Group (BX.N), as well as sovereign wealth funds. Others include Equity Residential (EQR.N), AvalonBay Communities Inc (AVB.N) and Apollo, these sources said. Lehman, Bank of America, Barclays, TPG and Blackstone declined to comment. AvalonBay, Equity Residential and the rest of the private equity firms were not immediately available for comment.
Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Shares of VNO fell by 0.58% or $-0.55/share to $94.33. In the past year, the shares have traded as low as $68.59 and as high as $97.93. On average, 1084150 shares of VNO exchange hands on a given day and today's volume is recorded at 1007933.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX remained unchanged at $16.18. In the past year, the shares have traded as low as $8.93 and as high as $19.63. On average, 3590810 shares of BX exchange hands on a given day and today's volume is recorded at 2916029.
Equity Residential (EQR) is a real estate investment trust (REIT). Shares of EQR traded higher by 0.35% or $0.21/share to $60.98. In the past year, the shares have traded as low as $39.69 and as high as $60.81. On average, 1715120 shares of EQR exchange hands on a given day and today's volume is recorded at 1850377.
AvalonBay Communities, Inc. is a real estate investment trust (REIT). Shares of AVB traded higher by 0.26% or $0.34/share to $132.62. In the past year, the shares have traded as low as $88.83 and as high as $133.84. On average, 657705 shares of AVB exchange hands on a given day and today's volume is recorded at 887588.
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Vornado Realty Trust (Vornado) is an integrated real estate investment trust (REIT). Shares of VNO fell by 0.58% or $-0.55/share to $94.33. In the past year, the shares have traded as low as $68.59 and as high as $97.93. On average, 1084150 shares of VNO exchange hands on a given day and today's volume is recorded at 1007933.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX remained unchanged at $16.18. In the past year, the shares have traded as low as $8.93 and as high as $19.63. On average, 3590810 shares of BX exchange hands on a given day and today's volume is recorded at 2916029.
Equity Residential (EQR) is a real estate investment trust (REIT). Shares of EQR traded higher by 0.35% or $0.21/share to $60.98. In the past year, the shares have traded as low as $39.69 and as high as $60.81. On average, 1715120 shares of EQR exchange hands on a given day and today's volume is recorded at 1850377.
AvalonBay Communities, Inc. is a real estate investment trust (REIT). Shares of AVB traded higher by 0.26% or $0.34/share to $132.62. In the past year, the shares have traded as low as $88.83 and as high as $133.84. On average, 657705 shares of AVB exchange hands on a given day and today's volume is recorded at 887588.
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Warburg, TPG team up for GE rail unit-sources, (NYSE: GE), (NYSE: TRN)
Warburg Pincus and TPG Capital are teaming up to bid for General Electric Co's (GE.N) railcar leasing business that has about $3 billion of assets, people familiar with the matter said. Other bidders for the GE business include private equity firms Cerberus Capital Management and Apollo Management, these people said. Dallas, Texas-based railcar manufacturer and lessor Trinity Industries Inc (TRN.N), meanwhile, is not involved in the sale process, a Trinity official told Reuters. Trinity had bid for the establishment when GE tried to sell it in 2008, sources said. The bidders have been meeting with the management of the GE leasing operation over the past few weeks after submitting initial offers in early May, these people said. Final offers are expected around June 23, they said. Representatives for Warburg Pincus, Apollo and Morgan Stanley declined to comment. GE, TPG and Cerberus were not immediately available for comment.
General Electric Company (GE) is a technology and financial services corporation. Shares of GE traded higher by 0.16% or $0.03/share to $18.51. In the past year, the shares have traded as low as $13.75 and as high as $21.65. On average, 53431500 shares of GE exchange hands on a given day and today's volume is recorded at 52210816.
Trinity Industries, Inc. (Trinity) is a multi-industry company that owns a variety of businesses, which provide products and services to the industrial, energy, transportation, and construction sectors. Shares of TRN traded higher by 1.51% or $0.47/share to $31.64. In the past year, the shares have traded as low as $16.11 and as high as $38.15. On average, 946811 shares of TRN exchange hands on a given day and today's volume is recorded at 1123775.
Source
General Electric Company (GE) is a technology and financial services corporation. Shares of GE traded higher by 0.16% or $0.03/share to $18.51. In the past year, the shares have traded as low as $13.75 and as high as $21.65. On average, 53431500 shares of GE exchange hands on a given day and today's volume is recorded at 52210816.
Trinity Industries, Inc. (Trinity) is a multi-industry company that owns a variety of businesses, which provide products and services to the industrial, energy, transportation, and construction sectors. Shares of TRN traded higher by 1.51% or $0.47/share to $31.64. In the past year, the shares have traded as low as $16.11 and as high as $38.15. On average, 946811 shares of TRN exchange hands on a given day and today's volume is recorded at 1123775.
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Globalive wins appeal backing Wind Mobile service, (ORTE)
Globalive, the owner of Canadian wireless newcomer Wind Mobile, won a court appeal on Wednesday restoring a government ruling that the company did not violate telecom rules that bar foreign-controlled firms. A three-judge Federal Court of Appeal panel unanimously overturned a lower court decision backing Canada's telecom regulator, which determined that Egypt's Orascom Telecom (ORTE.CA) had undue influence on Globalive due to its financing and loan commitments. The federal cabinet had overruled the regulator -- a move the appeals court supported on Wednesday. But the legal challenges might not be over, with a rival upstart saying it will seek a hearing before the Supreme Court.
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CME cites regulatory uncertainty for weak stock, (NASDAQ: CME)
Executives at CME Group Inc (CME.O) on Wednesday blamed uncertainty over regulatory changes for hampering the exchange operator's shares, adding it would look to global partnerships -- not acquisitions -- for growth. Shares of CME, the world's largest futures exchange operator, are down 18 percent so far this year versus a 4 percent drop in the Dow Jones Global Exchange index.DJGEX. The company's shares have dropped 8 percent so far this month as government data showed the U.S. economic recovery stumbled -- making an interest rate rise less likely and hurting the outlook for CME's treasury and eurodollar trading. "Our stock has underperformed the overall market. Like the rest of you I am very frustrated about this," Executive Chairman Terry Duffy told investors at an annual meeting.
CME Group Inc. offers access to all asset classes for futures products from a single electronic trading platform, and on trading floors in Chicago and New York City. Shares of CME fell by 1.41% or $-3.74/share to $262.24. In the past year, the shares have traded as low as $234.50 and as high as $328.00. On average, 474311 shares of CME exchange hands on a given day and today's volume is recorded at 570647.
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CME Group Inc. offers access to all asset classes for futures products from a single electronic trading platform, and on trading floors in Chicago and New York City. Shares of CME fell by 1.41% or $-3.74/share to $262.24. In the past year, the shares have traded as low as $234.50 and as high as $328.00. On average, 474311 shares of CME exchange hands on a given day and today's volume is recorded at 570647.
Source
CORRECTED - EBay seeks acquisitions to speed impulse buys, (NASDAQ: EBAY), (NASDAQ: AMZN)
EBay (EBAY.O) is hunting for acquisitions to speed up its development of image recognition and augmented reality features as the online retailer and auctioneer seeks to capitalise on the potential of mobile phones to help consumers make impulse purchases. Image recognition, which rival Amazon.com (AMZN.O) already has, would allow users to photograph an object with their phone, send the image to eBay, find a match in the online store and purchase it within seconds -- before losing interest. Steve Yankovich, head of eBay mobile, told Reuters his division had the company's full support to spend money on innovative technology, as the fastest growing part of eBay which is helping to renew the 15-year-old company's image. Augmented reality features could allow users to see themselves in items of clothing they might want to buy, picture a car they like in different colours, or see what kind of light a lamp would shed in their living room.
eBay Inc. (eBay) bring together buyers and sellers every day on a local, national and international basis through a range of Websites. Shares of EBAY traded higher by 2.16% or $0.645/share to $30.565. In the past year, the shares have traded as low as $19.06 and as high as $35.35. On average, 9964600 shares of EBAY exchange hands on a given day and today's volume is recorded at 22684446.
Amazon.com, Inc. (Amazon.com) is a customer-centric company for three primary customer sets: consumers, sellers and enterprises. Shares of AMZN traded higher by 0.27% or $0.5/share to $188.05. In the past year, the shares have traded as low as $105.80 and as high as $206.39. On average, 5260840 shares of AMZN exchange hands on a given day and today's volume is recorded at 3715390.
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eBay Inc. (eBay) bring together buyers and sellers every day on a local, national and international basis through a range of Websites. Shares of EBAY traded higher by 2.16% or $0.645/share to $30.565. In the past year, the shares have traded as low as $19.06 and as high as $35.35. On average, 9964600 shares of EBAY exchange hands on a given day and today's volume is recorded at 22684446.
Amazon.com, Inc. (Amazon.com) is a customer-centric company for three primary customer sets: consumers, sellers and enterprises. Shares of AMZN traded higher by 0.27% or $0.5/share to $188.05. In the past year, the shares have traded as low as $105.80 and as high as $206.39. On average, 5260840 shares of AMZN exchange hands on a given day and today's volume is recorded at 3715390.
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ADP in talks to sell majority stake in ground handling, (ADP)
Aeroports de Paris (ADP.PA) said on Wednesday it was in exclusive talks to sell a majority stake in its ground handling activities to airport services operator Groupe 3S. Groupe 3S, backed by partner Groupama Private Equity, has offered to purchase 80 percent of the business, which had 2010 sales of 141 million euros, ADP said in a statement. By late 2014 and early 2015, Groupe 3S proposes that Aeroports de Paris have an option to dispose of its remaining stake and Groupe 3S could have an option to purchase the residual stake in the ground handling activities.
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KKR eyeing minority stake in ING Direct -report, (NYSE: KKR), (ING), (NYSE: GE), (NYSE: COF)
KKR & Co (KKR.N) is eyeing a minority stake in ING Groep's (ING.AS) U.S. online bank, ING Direct USA, Bloomberg reported on its website on Wednesday, citing unnamed sources. General Electric Co's (GE.N) GE Capital and Capital One Financial Corp (COF.N) have submitted offers for the bank, according to the news agency.
KKR & Co. L.P.: NYSE:KKR quotes & news - Google Finance Source
Daily Upgrades and Downgrades: (GEOI), (KOG), (EDU), (GIII)
Global Hunter Securities, the brokerage firm, has recently changed the rating on GeoResources (GEOI). They upped the rating from Neutral to Accumulate. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. Shares of GEOI traded higher by 0.93% or $0.2/share to $21.77. In the past year, the shares have traded as low as $13.01 and as high as $32.94. On average, 448351 shares of GEOI exchange hands on a given day and today's volume is recorded at 237687.
Global Hunter Securities, the brokerage firm, has recently increased the rating on Kodiak Oil & Gas (KOG). They upped the rating from Neutral to Accumulate. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. Shares of KOG fell by 1.17% or $-0.07/share to $5.92. In the past year, the shares have traded as low as $2.43 and as high as $7.70. On average, 4184250 shares of KOG exchange hands on a given day and today's volume is recorded at 1862338.
Robert W. Baird, the brokerage firm, has recently increased the rating on New Oriental Education & Technology (EDU). They upped the rating from Neutral to Outperform. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $140 per share by the brokerage firm. Shares of EDU fell by 3.86% or $-4.26/share to $106.07. In the past year, the shares have traded as low as $86.82 and as high as $131.86. On average, 365348 shares of EDU exchange hands on a given day and today's volume is recorded at 228624.
Stifel Nicolaus, the brokerage firm, has recently decreased the rating on G-III Apparel (GIII). They lowered the rating from Buy to Hold. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. Shares of GIII fell by 2.18% or $-0.74/share to $33.24. In the past year, the shares have traded as low as $20.99 and as high as $45.38. On average, 145433 shares of GIII exchange hands on a given day and today's volume is recorded at 253495.
Global Hunter Securities, the brokerage firm, has recently increased the rating on Kodiak Oil & Gas (KOG). They upped the rating from Neutral to Accumulate. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. Shares of KOG fell by 1.17% or $-0.07/share to $5.92. In the past year, the shares have traded as low as $2.43 and as high as $7.70. On average, 4184250 shares of KOG exchange hands on a given day and today's volume is recorded at 1862338.
Robert W. Baird, the brokerage firm, has recently increased the rating on New Oriental Education & Technology (EDU). They upped the rating from Neutral to Outperform. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $140 per share by the brokerage firm. Shares of EDU fell by 3.86% or $-4.26/share to $106.07. In the past year, the shares have traded as low as $86.82 and as high as $131.86. On average, 365348 shares of EDU exchange hands on a given day and today's volume is recorded at 228624.
Stifel Nicolaus, the brokerage firm, has recently decreased the rating on G-III Apparel (GIII). They lowered the rating from Buy to Hold. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. Shares of GIII fell by 2.18% or $-0.74/share to $33.24. In the past year, the shares have traded as low as $20.99 and as high as $45.38. On average, 145433 shares of GIII exchange hands on a given day and today's volume is recorded at 253495.
Stock Market Upgrades and Downgrades: (ESV), (MY), (WLL), (ENS), (SMG)
Ensco (ESV) recently had their rating changed from Neutral to Buy. UBS is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. Shares of ESV traded higher by 0.22% or $0.12/share to $55.21. In the past year, the shares have traded as low as $34.50 and as high as $60.31. On average, 3413160 shares of ESV exchange hands on a given day and today's volume is recorded at 2184061.
China Ming Yang Wind Power (MY) is currently being analyzed by the brokerage firm Maxim Group. They have just changed their rating from Buy to Hold. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. Shares of MY fell by 3.35% or $-0.21/share to $6.06. In the past year, the shares have traded as low as $6.46 and as high as $14.70. On average, 356273 shares of MY exchange hands on a given day and today's volume is recorded at 293678.
Whiting Petroleum (WLL) is currently being analyzed by the brokerage firm Global Hunter Securities. They have just increased their rating from Neutral to Accumulate. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. Shares of WLL remained unchanged at $61.3. In the past year, the shares have traded as low as $36.82 and as high as $75.91. On average, 2171870 shares of WLL exchange hands on a given day and today's volume is recorded at 811529.
Ardour Capital, the brokerage firm, has recently changed the rating on Enersys (ENS). They upped the rating from Accumulate to Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $42 per share by the brokerage firm. Shares of ENS fell by 1.98% or $-0.6475/share to $31.9925. In the past year, the shares have traded as low as $20.74 and as high as $40.32. On average, 314631 shares of ENS exchange hands on a given day and today's volume is recorded at 268774.
Scotts Miracle-Gro (SMG) is currently being analyzed by the brokerage firm Longbow. They have just changed their rating from Buy to Neutral. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. Shares of SMG fell by 1.1% or $-0.58/share to $52.31. In the past year, the shares have traded as low as $43.27 and as high as $60.62. On average, 544857 shares of SMG exchange hands on a given day and today's volume is recorded at 374514.
China Ming Yang Wind Power (MY) is currently being analyzed by the brokerage firm Maxim Group. They have just changed their rating from Buy to Hold. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. Shares of MY fell by 3.35% or $-0.21/share to $6.06. In the past year, the shares have traded as low as $6.46 and as high as $14.70. On average, 356273 shares of MY exchange hands on a given day and today's volume is recorded at 293678.
Whiting Petroleum (WLL) is currently being analyzed by the brokerage firm Global Hunter Securities. They have just increased their rating from Neutral to Accumulate. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. Shares of WLL remained unchanged at $61.3. In the past year, the shares have traded as low as $36.82 and as high as $75.91. On average, 2171870 shares of WLL exchange hands on a given day and today's volume is recorded at 811529.
Ardour Capital, the brokerage firm, has recently changed the rating on Enersys (ENS). They upped the rating from Accumulate to Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $42 per share by the brokerage firm. Shares of ENS fell by 1.98% or $-0.6475/share to $31.9925. In the past year, the shares have traded as low as $20.74 and as high as $40.32. On average, 314631 shares of ENS exchange hands on a given day and today's volume is recorded at 268774.
Scotts Miracle-Gro (SMG) is currently being analyzed by the brokerage firm Longbow. They have just changed their rating from Buy to Neutral. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. Shares of SMG fell by 1.1% or $-0.58/share to $52.31. In the past year, the shares have traded as low as $43.27 and as high as $60.62. On average, 544857 shares of SMG exchange hands on a given day and today's volume is recorded at 374514.
Upgrades and Downgrades of the Day: (ENP), (KNXA), (HIL), (SQNS), (UPL)
Encore Energy (ENP) recently had their rating increased from Neutral to Outperform. Robert W. Baird is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. The target price is currently set at $25 per share by the brokerage firm. Shares of ENP fell by 0.47% or $-0.098/share to $20.572. In the past year, the shares have traded as low as $15.76 and as high as $25.48. On average, 175252 shares of ENP exchange hands on a given day and today's volume is recorded at 78956.
Kenexa (KNXA) recently had their rating decreased from Buy to Neutral. Longbow is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bearish sign for the stock, and this brokerage house may tell its clients to sell the stock. The share prices may fall because of this action. Analysts believe that the company's share price may begin to fall. Shares of KNXA fell by 3.91% or $-1.08/share to $26.55. In the past year, the shares have traded as low as $10.75 and as high as $33.19. On average, 217795 shares of KNXA exchange hands on a given day and today's volume is recorded at 181717.
Hill International (HIL) is currently being analyzed by the brokerage firm Morgan Joseph. They have just decreased their rating from Buy to Hold. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. Shares of HIL fell by 0.18% or $-0.01/share to $5.7. In the past year, the shares have traded as low as $0.00 and as high as $7.38. On average, 218417 shares of HIL exchange hands on a given day and today's volume is recorded at 210583.
Sequans Communications (SQNS) recently had their rating changed from Buy to Hold. Needham is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bearish sign for the stock, and this brokerage house may tell its clients to sell the stock. The share prices may fall because of this action. Analysts believe that the company's share price may begin to fall. Shares of SQNS fell by 0.71% or $-0.1/share to $13.92. In the past year, the shares have traded as low as $7.95 and as high as $15.55. On average, 1246750 shares of SQNS exchange hands on a given day and today's volume is recorded at 502741.
CapitalOne southcoast, the brokerage firm, has recently changed the rating on Ultra Petroleum (UPL). They upped the rating from Neutral to Add. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $56 per share by the brokerage firm. Shares of UPL traded higher by 1.27% or $0.6/share to $47.81. In the past year, the shares have traded as low as $37.10 and as high as $53.85. On average, 1920120 shares of UPL exchange hands on a given day and today's volume is recorded at 993869.
Kenexa (KNXA) recently had their rating decreased from Buy to Neutral. Longbow is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bearish sign for the stock, and this brokerage house may tell its clients to sell the stock. The share prices may fall because of this action. Analysts believe that the company's share price may begin to fall. Shares of KNXA fell by 3.91% or $-1.08/share to $26.55. In the past year, the shares have traded as low as $10.75 and as high as $33.19. On average, 217795 shares of KNXA exchange hands on a given day and today's volume is recorded at 181717.
Hill International (HIL) is currently being analyzed by the brokerage firm Morgan Joseph. They have just decreased their rating from Buy to Hold. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. Shares of HIL fell by 0.18% or $-0.01/share to $5.7. In the past year, the shares have traded as low as $0.00 and as high as $7.38. On average, 218417 shares of HIL exchange hands on a given day and today's volume is recorded at 210583.
Sequans Communications (SQNS) recently had their rating changed from Buy to Hold. Needham is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bearish sign for the stock, and this brokerage house may tell its clients to sell the stock. The share prices may fall because of this action. Analysts believe that the company's share price may begin to fall. Shares of SQNS fell by 0.71% or $-0.1/share to $13.92. In the past year, the shares have traded as low as $7.95 and as high as $15.55. On average, 1246750 shares of SQNS exchange hands on a given day and today's volume is recorded at 502741.
CapitalOne southcoast, the brokerage firm, has recently changed the rating on Ultra Petroleum (UPL). They upped the rating from Neutral to Add. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $56 per share by the brokerage firm. Shares of UPL traded higher by 1.27% or $0.6/share to $47.81. In the past year, the shares have traded as low as $37.10 and as high as $53.85. On average, 1920120 shares of UPL exchange hands on a given day and today's volume is recorded at 993869.
Upgrades and Downgrades for Today: (SPWRA), (CBRL), (NE), (TLVT), (CNQR)
Sunpower (SPWRA) recently had their rating changed from Hold to Underperform. Needham is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bearish sign for the stock, and this brokerage house may tell its clients to sell the stock. The share prices may fall because of this action. Analysts believe that the company's share price may begin to fall. Shares of SPWRA traded higher by 0.38% or $0.08/share to $21.03. In the past year, the shares have traded as low as $9.61 and as high as $22.60. On average, 3104750 shares of SPWRA exchange hands on a given day and today's volume is recorded at 2897886.
Argus, the brokerage firm, has recently changed the rating on Cracker Barrel (CBRL). They lowered the rating from Buy to Hold. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. Shares of CBRL fell by 0.09% or $-0.04/share to $44.63. In the past year, the shares have traded as low as $43.65 and as high as $57.79. On average, 352991 shares of CBRL exchange hands on a given day and today's volume is recorded at 299545.
Noble Corp (NE) is currently being analyzed by the brokerage firm Dahlman Rose. They have just increased their rating from Hold to Buy. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $48 per share by the brokerage firm. Shares of NE traded higher by 0.51% or $0.2/share to $39.65. In the past year, the shares have traded as low as $26.23 and as high as $46.72. On average, 3906520 shares of NE exchange hands on a given day and today's volume is recorded at 1647799.
Telvent (TLVT) is currently being analyzed by the brokerage firm Wedbush. They have just decreased their rating from Outperform to Neutral. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. The target price is currently set at $40 per share by the brokerage firm. Shares of TLVT traded higher by 0.18% or $0.07/share to $39.82. In the past year, the shares have traded as low as $16.57 and as high as $33.37. On average, 348620 shares of TLVT exchange hands on a given day and today's volume is recorded at 420897.
Needham, the brokerage firm, has recently increased the rating on Concur Tech (CNQR). They upped the rating from Hold to Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. Shares of CNQR fell by 0.21% or $-0.1/share to $46.91. In the past year, the shares have traded as low as $39.94 and as high as $58.19. On average, 492763 shares of CNQR exchange hands on a given day and today's volume is recorded at 260222.
Argus, the brokerage firm, has recently changed the rating on Cracker Barrel (CBRL). They lowered the rating from Buy to Hold. The brokerage firm believes the company is on the downswing and there could be potential savings or capital preservation in selling the stock now. Shares of CBRL fell by 0.09% or $-0.04/share to $44.63. In the past year, the shares have traded as low as $43.65 and as high as $57.79. On average, 352991 shares of CBRL exchange hands on a given day and today's volume is recorded at 299545.
Noble Corp (NE) is currently being analyzed by the brokerage firm Dahlman Rose. They have just increased their rating from Hold to Buy. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $48 per share by the brokerage firm. Shares of NE traded higher by 0.51% or $0.2/share to $39.65. In the past year, the shares have traded as low as $26.23 and as high as $46.72. On average, 3906520 shares of NE exchange hands on a given day and today's volume is recorded at 1647799.
Telvent (TLVT) is currently being analyzed by the brokerage firm Wedbush. They have just decreased their rating from Outperform to Neutral. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. The target price is currently set at $40 per share by the brokerage firm. Shares of TLVT traded higher by 0.18% or $0.07/share to $39.82. In the past year, the shares have traded as low as $16.57 and as high as $33.37. On average, 348620 shares of TLVT exchange hands on a given day and today's volume is recorded at 420897.
Needham, the brokerage firm, has recently increased the rating on Concur Tech (CNQR). They upped the rating from Hold to Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. Shares of CNQR fell by 0.21% or $-0.1/share to $46.91. In the past year, the shares have traded as low as $39.94 and as high as $58.19. On average, 492763 shares of CNQR exchange hands on a given day and today's volume is recorded at 260222.
Daily Upgrades and Downgrades: (TA), (HIL), (AHT), (BEN), (THRX)
TravelCenters of America (TA) is currently being analyzed by the brokerage firm Morgan Keegan. They have just increased their rating from Mkt Perform to Outperform. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $8 per share by the brokerage firm. Shares of TA traded higher by 0.21% or $0.01/share to $4.77. In the past year, the shares have traded as low as $2.05 and as high as $12.63. On average, 448408 shares of TA exchange hands on a given day and today's volume is recorded at 367231.
Boenning & Scattergood, the brokerage firm, has recently changed the rating on Hill International (HIL). They upped the rating from Neutral to Outperform. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $10 per share by the brokerage firm. Shares of HIL fell by 0.35% or $-0.02/share to $5.69. In the past year, the shares have traded as low as $0.00 and as high as $7.38. On average, 218417 shares of HIL exchange hands on a given day and today's volume is recorded at 209083.
Ashford Hospitality Trust (AHT) is currently being analyzed by the brokerage firm FBR Capital. They have just changed their rating from Outperform to Mkt Perform. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. The target price is currently set at $14 per share by the brokerage firm. Shares of AHT fell by 4.95% or $-0.68/share to $13.06. In the past year, the shares have traded as low as $6.46 and as high as $13.90. On average, 380343 shares of AHT exchange hands on a given day and today's volume is recorded at 508653.
Franklin Resources (BEN) is currently being analyzed by the brokerage firm Ticonderoga. They have just changed their rating from Neutral to Buy. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $145 per share by the brokerage firm. Shares of BEN fell by 0.08% or $-0.1/share to $122.37. In the past year, the shares have traded as low as $84.00 and as high as $130.97. On average, 866308 shares of BEN exchange hands on a given day and today's volume is recorded at 479933.
Theravance (THRX) is currently being analyzed by the brokerage firm Robert W. Baird. They have just changed their rating from Outperform to Neutral. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. The target price is currently set at $23 per share by the brokerage firm. Shares of THRX traded higher by 0.56% or $0.13/share to $23.28. In the past year, the shares have traded as low as $11.74 and as high as $28.95. On average, 406591 shares of THRX exchange hands on a given day and today's volume is recorded at 202594.
Boenning & Scattergood, the brokerage firm, has recently changed the rating on Hill International (HIL). They upped the rating from Neutral to Outperform. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $10 per share by the brokerage firm. Shares of HIL fell by 0.35% or $-0.02/share to $5.69. In the past year, the shares have traded as low as $0.00 and as high as $7.38. On average, 218417 shares of HIL exchange hands on a given day and today's volume is recorded at 209083.
Ashford Hospitality Trust (AHT) is currently being analyzed by the brokerage firm FBR Capital. They have just changed their rating from Outperform to Mkt Perform. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. The target price is currently set at $14 per share by the brokerage firm. Shares of AHT fell by 4.95% or $-0.68/share to $13.06. In the past year, the shares have traded as low as $6.46 and as high as $13.90. On average, 380343 shares of AHT exchange hands on a given day and today's volume is recorded at 508653.
Franklin Resources (BEN) is currently being analyzed by the brokerage firm Ticonderoga. They have just changed their rating from Neutral to Buy. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $145 per share by the brokerage firm. Shares of BEN fell by 0.08% or $-0.1/share to $122.37. In the past year, the shares have traded as low as $84.00 and as high as $130.97. On average, 866308 shares of BEN exchange hands on a given day and today's volume is recorded at 479933.
Theravance (THRX) is currently being analyzed by the brokerage firm Robert W. Baird. They have just changed their rating from Outperform to Neutral. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. The target price is currently set at $23 per share by the brokerage firm. Shares of THRX traded higher by 0.56% or $0.13/share to $23.28. In the past year, the shares have traded as low as $11.74 and as high as $28.95. On average, 406591 shares of THRX exchange hands on a given day and today's volume is recorded at 202594.
Upgrades and Downgrades of the Day: (BOBE), (S), (AFFX), (COG), (GIII)
Bob Evans (BOBE) is currently being analyzed by the brokerage firm Miller Tabak. They have just changed their rating from Hold to Buy. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $35 per share by the brokerage firm. Shares of BOBE traded higher by 9.62% or $2.84/share to $32.36. In the past year, the shares have traded as low as $23.10 and as high as $34.86. On average, 153508 shares of BOBE exchange hands on a given day and today's volume is recorded at 538452.
Sprint Nextel (S) is currently being analyzed by the brokerage firm Stifel Nicolaus. They have just changed their rating from Hold to Sell. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. The target price is currently set at $4 per share by the brokerage firm. Shares of S fell by 1.55% or $-0.085/share to $5.405. In the past year, the shares have traded as low as $3.70 and as high as $5.96. On average, 64443400 shares of S exchange hands on a given day and today's volume is recorded at 29064780.
Affymetrix (AFFX) recently had their rating increased from Neutral to Outperform. Robert W. Baird is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. The target price is currently set at $11 per share by the brokerage firm. Shares of AFFX fell by 0.98% or $-0.07/share to $7.09. In the past year, the shares have traded as low as $3.75 and as high as $7.44. On average, 1194780 shares of AFFX exchange hands on a given day and today's volume is recorded at 1566323.
Cabot Oil & Gas (COG) recently had their rating changed from Hold to Buy. Canaccord Genuity is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. The target price is currently set at $85 per share by the brokerage firm. Shares of COG traded higher by 6.24% or $3.49/share to $59.4. In the past year, the shares have traded as low as $26.62 and as high as $58.27. On average, 1576780 shares of COG exchange hands on a given day and today's volume is recorded at 2634073.
G-III Apparel (GIII) is currently being analyzed by the brokerage firm KeyBanc Capital Mkts. They have just increased their rating from Hold to Buy. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $42 per share by the brokerage firm. Shares of GIII fell by 1.85% or $-0.63/share to $33.35. In the past year, the shares have traded as low as $20.99 and as high as $45.38. On average, 145433 shares of GIII exchange hands on a given day and today's volume is recorded at 236709.
Sprint Nextel (S) is currently being analyzed by the brokerage firm Stifel Nicolaus. They have just changed their rating from Hold to Sell. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. The target price is currently set at $4 per share by the brokerage firm. Shares of S fell by 1.55% or $-0.085/share to $5.405. In the past year, the shares have traded as low as $3.70 and as high as $5.96. On average, 64443400 shares of S exchange hands on a given day and today's volume is recorded at 29064780.
Affymetrix (AFFX) recently had their rating increased from Neutral to Outperform. Robert W. Baird is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. The target price is currently set at $11 per share by the brokerage firm. Shares of AFFX fell by 0.98% or $-0.07/share to $7.09. In the past year, the shares have traded as low as $3.75 and as high as $7.44. On average, 1194780 shares of AFFX exchange hands on a given day and today's volume is recorded at 1566323.
Cabot Oil & Gas (COG) recently had their rating changed from Hold to Buy. Canaccord Genuity is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. The target price is currently set at $85 per share by the brokerage firm. Shares of COG traded higher by 6.24% or $3.49/share to $59.4. In the past year, the shares have traded as low as $26.62 and as high as $58.27. On average, 1576780 shares of COG exchange hands on a given day and today's volume is recorded at 2634073.
G-III Apparel (GIII) is currently being analyzed by the brokerage firm KeyBanc Capital Mkts. They have just increased their rating from Hold to Buy. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $42 per share by the brokerage firm. Shares of GIII fell by 1.85% or $-0.63/share to $33.35. In the past year, the shares have traded as low as $20.99 and as high as $45.38. On average, 145433 shares of GIII exchange hands on a given day and today's volume is recorded at 236709.
Stock Upgrades and Downgrades: (NOK), (NOG), (ESV), (CRZO), (WY)
Nokia (NOK) recently had their rating changed from Buy to Hold. Canaccord Genuity is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bearish sign for the stock, and this brokerage house may tell its clients to sell the stock. The share prices may fall because of this action. Analysts believe that the company's share price may begin to fall. The target price is currently set at $8 per share by the brokerage firm. Shares of NOK fell by 4.28% or $-0.28/share to $6.26. In the past year, the shares have traded as low as $7.73 and as high as $11.75. On average, 29651300 shares of NOK exchange hands on a given day and today's volume is recorded at 39312336.
CapitalOne southcoast, the brokerage firm, has recently changed the rating on Northern Oil & Gas (NOG). They upped the rating from Add to Strong Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $37 per share by the brokerage firm. Shares of NOG traded higher by 5.38% or $0.94/share to $18.4. In the past year, the shares have traded as low as $11.95 and as high as $33.98. On average, 2693050 shares of NOG exchange hands on a given day and today's volume is recorded at 2303509.
Dahlman Rose, the brokerage firm, has recently increased the rating on Ensco (ESV). They upped the rating from Hold to Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $70 per share by the brokerage firm. Shares of ESV traded higher by 0.49% or $0.27/share to $55.36. In the past year, the shares have traded as low as $34.50 and as high as $60.31. On average, 3413160 shares of ESV exchange hands on a given day and today's volume is recorded at 2033654.
Howard Weil, the brokerage firm, has recently increased the rating on Carrizo Oil & Gas (CRZO). They upped the rating from Market Perform to Market Outperform. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $50 per share by the brokerage firm. Shares of CRZO traded higher by 4.0% or $1.4/share to $36.41. In the past year, the shares have traded as low as $14.81 and as high as $40.87. On average, 796947 shares of CRZO exchange hands on a given day and today's volume is recorded at 621538.
Weyerhaeuser (WY) recently had their rating changed from Underperform to Neutral. DA Davidson is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. Shares of WY fell by 1.53% or $-0.33/share to $21.2. In the past year, the shares have traded as low as $15.06 and as high as $42.80. On average, 5431200 shares of WY exchange hands on a given day and today's volume is recorded at 2528158.
CapitalOne southcoast, the brokerage firm, has recently changed the rating on Northern Oil & Gas (NOG). They upped the rating from Add to Strong Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $37 per share by the brokerage firm. Shares of NOG traded higher by 5.38% or $0.94/share to $18.4. In the past year, the shares have traded as low as $11.95 and as high as $33.98. On average, 2693050 shares of NOG exchange hands on a given day and today's volume is recorded at 2303509.
Dahlman Rose, the brokerage firm, has recently increased the rating on Ensco (ESV). They upped the rating from Hold to Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $70 per share by the brokerage firm. Shares of ESV traded higher by 0.49% or $0.27/share to $55.36. In the past year, the shares have traded as low as $34.50 and as high as $60.31. On average, 3413160 shares of ESV exchange hands on a given day and today's volume is recorded at 2033654.
Howard Weil, the brokerage firm, has recently increased the rating on Carrizo Oil & Gas (CRZO). They upped the rating from Market Perform to Market Outperform. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $50 per share by the brokerage firm. Shares of CRZO traded higher by 4.0% or $1.4/share to $36.41. In the past year, the shares have traded as low as $14.81 and as high as $40.87. On average, 796947 shares of CRZO exchange hands on a given day and today's volume is recorded at 621538.
Weyerhaeuser (WY) recently had their rating changed from Underperform to Neutral. DA Davidson is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bullish sign for the company's share price, as these brokerages begin to tell their clients to start buying the upgraded stock. The shares may see a continued uptrend because of this. Analysts believe that the company's share price may begin to improve. Shares of WY fell by 1.53% or $-0.33/share to $21.2. In the past year, the shares have traded as low as $15.06 and as high as $42.80. On average, 5431200 shares of WY exchange hands on a given day and today's volume is recorded at 2528158.
CORRECTED-OFFICIAL-UBS hires power banker, (UBSN), (NYSE: EVR)
UBS AG (UBSN.VX) has hired power and utilities investment banker Keith Lord, the Swiss bank said on Tuesday. Lord will be based in New York and report to Jim Schaefer. He began his investment banking career in 1992 at Salomon Brothers and also worked at Wasserstein Perella & Co and at Lehman Brothers. Most recently, Lord was a retained independent contractor for investment bank Evercore Partners (EVR.N) from March 2009 August 2009, and thereafter served as a part-time consultant until June of 2011. Despite scores of bankers leaving over the past few years, UBS has also made a dozen key hires, including most recently Tom Langford as global head of energy investment banking and Adam Frisch as co-head of the IT services banking business.
Evercore Partners Inc. (Evercore), incorporated on July 20, 2005, is an independent investment banking advisory firms in the world based on the dollar volume of announced worldwide merger and acquisition (M&A). Shares of EVR traded higher by 0.55% or $0.19/share to $34.45. In the past year, the shares have traded as low as $21.02 and as high as $37.26. On average, 132978 shares of EVR exchange hands on a given day and today's volume is recorded at 83920.
Source
Evercore Partners Inc. (Evercore), incorporated on July 20, 2005, is an independent investment banking advisory firms in the world based on the dollar volume of announced worldwide merger and acquisition (M&A). Shares of EVR traded higher by 0.55% or $0.19/share to $34.45. In the past year, the shares have traded as low as $21.02 and as high as $37.26. On average, 132978 shares of EVR exchange hands on a given day and today's volume is recorded at 83920.
Source
These Stocks Are Oversold: (MFW), (NWL), (HTHT), (QNST), (TBH)
On June 8, these stocks were spotted as oversold: M&F Worldwide Corp, Newell Rubbermaid Inc, China Lodging Group, Limited, QuinStreet, Inc, and Brazilian Telecommunications Corp. The price of these stocks have fallen sharply to level below their true value. This is interpreted as a sign that the stocks are undervalued and may represent a buying opportunity for investors.
Shares of M&F Worldwide Corp (MFW) fell by 2.32% or $-0.44/share to $18.49. In the past year, the shares have traded as low as $18.90 and as high as $30.77. On average, 57170 shares of MFW exchange hands on a given day and today's volume is recorded at 23802.
Shares of Newell Rubbermaid Inc (NWL) traded higher by 1.05% or $0.15/share to $14.49. In the past year, the shares have traded as low as $13.95 and as high as $20.24. On average, 3271710 shares of NWL exchange hands on a given day and today's volume is recorded at 2814574.
Shares of China Lodging Group, Limited (HTHT) fell by 0.75% or $-0.13/share to $17.12. In the past year, the shares have traded as low as $13.90 and as high as $27.50. On average, 211050 shares of HTHT exchange hands on a given day and today's volume is recorded at 366045.
Shares of QuinStreet, Inc (QNST) fell by 21.40% or $-3.14/share to $11.53. In the past year, the shares have traded as low as $9.79 and as high as $24.91. On average, 325760 shares of QNST exchange hands on a given day and today's volume is recorded at 2953638.
Shares of Brazilian Telecommunications Corp (TBH) fell by 49.90% or $-4.89/share to $4.91. In the past year, the shares have traded as low as $4.72 and as high as $10.00. On average, 12830 shares of TBH exchange hands on a given day and today's volume is recorded at 162388.
Shares of M&F Worldwide Corp (MFW) fell by 2.32% or $-0.44/share to $18.49. In the past year, the shares have traded as low as $18.90 and as high as $30.77. On average, 57170 shares of MFW exchange hands on a given day and today's volume is recorded at 23802.
Shares of Newell Rubbermaid Inc (NWL) traded higher by 1.05% or $0.15/share to $14.49. In the past year, the shares have traded as low as $13.95 and as high as $20.24. On average, 3271710 shares of NWL exchange hands on a given day and today's volume is recorded at 2814574.
Shares of China Lodging Group, Limited (HTHT) fell by 0.75% or $-0.13/share to $17.12. In the past year, the shares have traded as low as $13.90 and as high as $27.50. On average, 211050 shares of HTHT exchange hands on a given day and today's volume is recorded at 366045.
Shares of QuinStreet, Inc (QNST) fell by 21.40% or $-3.14/share to $11.53. In the past year, the shares have traded as low as $9.79 and as high as $24.91. On average, 325760 shares of QNST exchange hands on a given day and today's volume is recorded at 2953638.
Shares of Brazilian Telecommunications Corp (TBH) fell by 49.90% or $-4.89/share to $4.91. In the past year, the shares have traded as low as $4.72 and as high as $10.00. On average, 12830 shares of TBH exchange hands on a given day and today's volume is recorded at 162388.
Selling Overdone In These Names: (JOE), (DQ), (PSS), (PRGS), (AFL)
On June 8, these stocks were spotted as oversold: The St. Joe Company, Daqo New Energy Corp, Collective Brands, Inc, Progress Software Corp, and AFLAC Inc. The price of these stocks have fallen sharply to level below their true value. This is interpreted as a sign that the stocks are undervalued and may represent a buying opportunity for investors.
Shares of The St. Joe Company (JOE) fell by 1.21% or $-0.24/share to $19.53. In the past year, the shares have traded as low as $17.04 and as high as $30.34. On average, 602450 shares of JOE exchange hands on a given day and today's volume is recorded at 145518.
Shares of Daqo New Energy Corp (DQ) fell by 2.21% or $-0.19/share to $8.41. In the past year, the shares have traded as low as $8.47 and as high as $15.43. On average, 237070 shares of DQ exchange hands on a given day and today's volume is recorded at 72732.
Shares of Collective Brands, Inc (PSS) fell by 2.18% or $-0.30/share to $13.49. In the past year, the shares have traded as low as $12.41 and as high as $23.96. On average, 1256280 shares of PSS exchange hands on a given day and today's volume is recorded at 600253.
Shares of Progress Software Corp (PRGS) traded higher by 0.44% or $0.10/share to $22.88. In the past year, the shares have traded as low as $17.64 and as high as $31.47. On average, 386940 shares of PRGS exchange hands on a given day and today's volume is recorded at 300178.
Shares of AFLAC Inc (AFL) fell by 0.59% or $-0.27/share to $45.21. In the past year, the shares have traded as low as $39.03 and as high as $59.21. On average, 4525240 shares of AFL exchange hands on a given day and today's volume is recorded at 2021294.
Shares of The St. Joe Company (JOE) fell by 1.21% or $-0.24/share to $19.53. In the past year, the shares have traded as low as $17.04 and as high as $30.34. On average, 602450 shares of JOE exchange hands on a given day and today's volume is recorded at 145518.
Shares of Daqo New Energy Corp (DQ) fell by 2.21% or $-0.19/share to $8.41. In the past year, the shares have traded as low as $8.47 and as high as $15.43. On average, 237070 shares of DQ exchange hands on a given day and today's volume is recorded at 72732.
Shares of Collective Brands, Inc (PSS) fell by 2.18% or $-0.30/share to $13.49. In the past year, the shares have traded as low as $12.41 and as high as $23.96. On average, 1256280 shares of PSS exchange hands on a given day and today's volume is recorded at 600253.
Shares of Progress Software Corp (PRGS) traded higher by 0.44% or $0.10/share to $22.88. In the past year, the shares have traded as low as $17.64 and as high as $31.47. On average, 386940 shares of PRGS exchange hands on a given day and today's volume is recorded at 300178.
Shares of AFLAC Inc (AFL) fell by 0.59% or $-0.27/share to $45.21. In the past year, the shares have traded as low as $39.03 and as high as $59.21. On average, 4525240 shares of AFL exchange hands on a given day and today's volume is recorded at 2021294.
Stocks with Upward Wedge Patterns: (EVT), (UGI), (FR), (NL), (BEN)
Upward wedge patterns have been noticed on June 8 for the stocks Eaton Vance Tax-Advantaged Dividend Income Fund, UGI Corp, First Industrial Realty Trust Inc, NL Industries Inc, and Franklin Resources Inc. The price range of these stocks is getting more narrow as the upward trend continues, thus signally the trend is losing steam. This sends a bearish signal to investors as the upward trend is ending.
Shares of Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) fell by 0.93% or $-0.16/share to $16.98. In the past year, the shares have traded as low as $12.49 and as high as $18.10. On average, 154100 shares of EVT exchange hands on a given day and today's volume is recorded at 122504.
Shares of UGI Corp (UGI) traded higher by 1.10% or $0.34/share to $31.13. In the past year, the shares have traded as low as $24.30 and as high as $33.53. On average, 563570 shares of UGI exchange hands on a given day and today's volume is recorded at 358358.
Shares of First Industrial Realty Trust Inc (FR) fell by 1.23% or $-0.14/share to $11.31. In the past year, the shares have traded as low as $3.69 and as high as $12.91. On average, 1069190 shares of FR exchange hands on a given day and today's volume is recorded at 436912.
Shares of NL Industries Inc (NL) fell by 0.42% or $-0.08/share to $18.91. In the past year, the shares have traded as low as $5.77 and as high as $19.34. On average, 45810 shares of NL exchange hands on a given day and today's volume is recorded at 24381.
Shares of Franklin Resources Inc (BEN) traded higher by 0.39% or $0.48/share to $122.95. In the past year, the shares have traded as low as $83.46 and as high as $130.77. On average, 869010 shares of BEN exchange hands on a given day and today's volume is recorded at 395868.
Shares of Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) fell by 0.93% or $-0.16/share to $16.98. In the past year, the shares have traded as low as $12.49 and as high as $18.10. On average, 154100 shares of EVT exchange hands on a given day and today's volume is recorded at 122504.
Shares of UGI Corp (UGI) traded higher by 1.10% or $0.34/share to $31.13. In the past year, the shares have traded as low as $24.30 and as high as $33.53. On average, 563570 shares of UGI exchange hands on a given day and today's volume is recorded at 358358.
Shares of First Industrial Realty Trust Inc (FR) fell by 1.23% or $-0.14/share to $11.31. In the past year, the shares have traded as low as $3.69 and as high as $12.91. On average, 1069190 shares of FR exchange hands on a given day and today's volume is recorded at 436912.
Shares of NL Industries Inc (NL) fell by 0.42% or $-0.08/share to $18.91. In the past year, the shares have traded as low as $5.77 and as high as $19.34. On average, 45810 shares of NL exchange hands on a given day and today's volume is recorded at 24381.
Shares of Franklin Resources Inc (BEN) traded higher by 0.39% or $0.48/share to $122.95. In the past year, the shares have traded as low as $83.46 and as high as $130.77. On average, 869010 shares of BEN exchange hands on a given day and today's volume is recorded at 395868.
RIM buys social gaming company Scoreloop, (TSE: RIM), (NASDAQ: RIMM), (NASDAQ: AAPL), (NASDAQ: GOOG), (NASDAQ: MSFT)
BlackBerry maker Research In Motion (RIM.TO)(RIMM.O) bought social gaming company Scoreloop to help expand its Messenger application, challenged by this week's launch of a similar instant messaging offering from Apple (AAPL.O). Munich-based Scoreloop adds social elements, such as interactive play and social network integration, to existing mobile games. It can also enable in-app purchases and virtual currencies to help developers make money. "As part of RIM, we'll be in the unique position to integrate deeply into BlackBerry platforms to take mobile gaming to the next level together," Marc Gumpinger, Scoreloop's chief executive, said on the company's website. Scoreloop, headquartered in Munich, Germany, will continue to support Apple's iOS, Google's (GOOG.O) Android, Microsoft's (MSFT.O) Windows Phone 7 and Samsung's (005930.KS) bada, Gumpinder said.
Shares of RIMM fell by 1.67% or $-0.63/share to $37.19. In the past year, the shares have traded as low as $37.69 and as high as $70.54. On average, 13705900 shares of RIMM exchange hands on a given day and today's volume is recorded at 7832348.
Shares of AAPL traded higher by 0.14% or $0.47/share to $332.51. In the past year, the shares have traded as low as $235.56 and as high as $364.90. On average, 15129400 shares of AAPL exchange hands on a given day and today's volume is recorded at 7080698.
Shares of GOOG traded higher by 0.15% or $0.7599/share to $519.79. In the past year, the shares have traded as low as $433.63 and as high as $642.96. On average, 2710170 shares of GOOG exchange hands on a given day and today's volume is recorded at 831950.
Shares of MSFT fell by 0.73% or $-0.175/share to $23.885. In the past year, the shares have traded as low as $22.73 and as high as $29.46. On average, 61900200 shares of MSFT exchange hands on a given day and today's volume is recorded at 21167060.
Source
Shares of RIMM fell by 1.67% or $-0.63/share to $37.19. In the past year, the shares have traded as low as $37.69 and as high as $70.54. On average, 13705900 shares of RIMM exchange hands on a given day and today's volume is recorded at 7832348.
Shares of AAPL traded higher by 0.14% or $0.47/share to $332.51. In the past year, the shares have traded as low as $235.56 and as high as $364.90. On average, 15129400 shares of AAPL exchange hands on a given day and today's volume is recorded at 7080698.
Shares of GOOG traded higher by 0.15% or $0.7599/share to $519.79. In the past year, the shares have traded as low as $433.63 and as high as $642.96. On average, 2710170 shares of GOOG exchange hands on a given day and today's volume is recorded at 831950.
Shares of MSFT fell by 0.73% or $-0.175/share to $23.885. In the past year, the shares have traded as low as $22.73 and as high as $29.46. On average, 61900200 shares of MSFT exchange hands on a given day and today's volume is recorded at 21167060.
Source
Potentially Oversold Level Reached (NYSE: RCL)
Shares of RCL fell by 5.73% or $-2.055/share to $33.82. Royal Caribbean Cruises Ltd. is trading at a price to book ratio of 0.94. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.66 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.12. Thus, the company is not very expensive in terms of its sales. On average, 3105890 shares of RCL exchange hands on a given day and today's volume is recorded at 4040035. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company.
Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company.
Stocks in the Dog House: (OCLR), (EGO), (NOK), (AONE), (FRO)
Stocks falling to new 52 week lows on June 8 are Oclaro, Inc, Eldorado Gold Corp, Nokia Corporation, A123 Systems, Inc, and Frontline Ltd. Investors are selling the stock and pushing it lower because they may think that these stocks were overvalued. This could be caused by earnings not meeting expectations, investor speculation, or a fall in market growth.
Shares of Oclaro, Inc. (OCLR) fell by 6.51% or $-0.56/share to $8.04. In the past year, the shares have traded as low as $8.25 and as high as $18.95. On average, 1888420 shares of OCLR exchange hands on a given day and today's volume is recorded at 979936. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $12.46 area where the stock may encounter resistance.
Shares of Eldorado Gold Corp. (EGO) fell by 3.37% or $-0.49/share to $14.03. In the past year, the shares have traded as low as $14.41 and as high as $20.23. On average, 4143979 shares of EGO exchange hands on a given day and today's volume is recorded at 2224129. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $17.32 area where the stock may encounter resistance.
Shares of Nokia Corporation (NOK) fell by 4.13% or $-0.27/share to $6.27. In the past year, the shares have traded as low as $6.45 and as high as $11.06. On average, 29733800 shares of NOK exchange hands on a given day and today's volume is recorded at 33683660. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $9.04 area where the stock may encounter resistance.
Shares of A123 Systems, Inc. (AONE) fell by 3.22% or $-0.17/share to $5.11. In the past year, the shares have traded as low as $5.21 and as high as $11.53. On average, 3564080 shares of AONE exchange hands on a given day and today's volume is recorded at 1376378. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $8.15 area where the stock may encounter resistance.
Shares of Frontline Ltd. (FRO) fell by 5.79% or $-0.99/share to $16.11. In the past year, the shares have traded as low as $16.57 and as high as $35.15. On average, 1277120 shares of FRO exchange hands on a given day and today's volume is recorded at 1049842. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $25.07 area where the stock may encounter resistance.
Shares of Oclaro, Inc. (OCLR) fell by 6.51% or $-0.56/share to $8.04. In the past year, the shares have traded as low as $8.25 and as high as $18.95. On average, 1888420 shares of OCLR exchange hands on a given day and today's volume is recorded at 979936. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $12.46 area where the stock may encounter resistance.
Shares of Eldorado Gold Corp. (EGO) fell by 3.37% or $-0.49/share to $14.03. In the past year, the shares have traded as low as $14.41 and as high as $20.23. On average, 4143979 shares of EGO exchange hands on a given day and today's volume is recorded at 2224129. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $17.32 area where the stock may encounter resistance.
Shares of Nokia Corporation (NOK) fell by 4.13% or $-0.27/share to $6.27. In the past year, the shares have traded as low as $6.45 and as high as $11.06. On average, 29733800 shares of NOK exchange hands on a given day and today's volume is recorded at 33683660. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $9.04 area where the stock may encounter resistance.
Shares of A123 Systems, Inc. (AONE) fell by 3.22% or $-0.17/share to $5.11. In the past year, the shares have traded as low as $5.21 and as high as $11.53. On average, 3564080 shares of AONE exchange hands on a given day and today's volume is recorded at 1376378. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $8.15 area where the stock may encounter resistance.
Shares of Frontline Ltd. (FRO) fell by 5.79% or $-0.99/share to $16.11. In the past year, the shares have traded as low as $16.57 and as high as $35.15. On average, 1277120 shares of FRO exchange hands on a given day and today's volume is recorded at 1049842. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $25.07 area where the stock may encounter resistance.
UAL CEO Smisek says pilot contract must be fair, (NYSE: UAL), (NYSE: UAL)
United Continental Holdings Inc (UAL.N), the parent of new United Airlines (UAL.N), wants a contract with pilots, but any deal must be affordable and fair, its chief executive said on Wednesday. "We want to get things done," Jeff Smisek said at United's annual shareholders meeting. "Now we can sometimes differ on the processes and the most efficacious way of getting a deal, but there is no lack of desire." Smisek said any contract must be fair to workers and the company. UAL shares rose more than 2.2 percent to $22.39 on the New York Stock Exchange.
United Continental Holdings, Inc. (UAL), formerly UAL Corporation, is a holding company and it?s, wholly owned subsidiaries are United Air Lines, Inc. Shares of UAL traded higher by 2.33% or $0.51/share to $22.41. In the past year, the shares have traded as low as $18.42 and as high as $29.75. On average, 7484840 shares of UAL exchange hands on a given day and today's volume is recorded at 3669234.
United Continental Holdings, Inc. (UAL), formerly UAL Corporation, is a holding company and it?s, wholly owned subsidiaries are United Air Lines, Inc. Shares of UAL traded higher by 2.33% or $0.51/share to $22.41. In the past year, the shares have traded as low as $18.42 and as high as $29.75. On average, 7484840 shares of UAL exchange hands on a given day and today's volume is recorded at 3669234.
Source
United Continental Holdings, Inc. (UAL), formerly UAL Corporation, is a holding company and it?s, wholly owned subsidiaries are United Air Lines, Inc. Shares of UAL traded higher by 2.33% or $0.51/share to $22.41. In the past year, the shares have traded as low as $18.42 and as high as $29.75. On average, 7484840 shares of UAL exchange hands on a given day and today's volume is recorded at 3669234.
United Continental Holdings, Inc. (UAL), formerly UAL Corporation, is a holding company and it?s, wholly owned subsidiaries are United Air Lines, Inc. Shares of UAL traded higher by 2.33% or $0.51/share to $22.41. In the past year, the shares have traded as low as $18.42 and as high as $29.75. On average, 7484840 shares of UAL exchange hands on a given day and today's volume is recorded at 3669234.
Source
UAL CEO Smisek says merger integration on track, (NYSE: UAL)
Combining operations of United Airlines and Continental Airlines (UAL.N) is on track and should be completed by year's end, the company's chief executive said on Wednesday. Jeff Smisek told shareholders that United Continental Holdings is moving toward a single designation by the Federal Aviation Administration (FAA). The companies closed their $3.17 billion merger last October, hoping that the combination with sprawling domestic and international route networks will attract lucrative corporate travel contracts. United hopes to realize more than $1 billion in annual revenue benefits and cost savings by 2013.
United Continental Holdings, Inc. (UAL), formerly UAL Corporation, is a holding company and it?s, wholly owned subsidiaries are United Air Lines, Inc. Shares of UAL traded higher by 2.97% or $0.65/share to $22.55. In the past year, the shares have traded as low as $18.42 and as high as $29.75. On average, 7484840 shares of UAL exchange hands on a given day and today's volume is recorded at 3314372.
Source
United Continental Holdings, Inc. (UAL), formerly UAL Corporation, is a holding company and it?s, wholly owned subsidiaries are United Air Lines, Inc. Shares of UAL traded higher by 2.97% or $0.65/share to $22.55. In the past year, the shares have traded as low as $18.42 and as high as $29.75. On average, 7484840 shares of UAL exchange hands on a given day and today's volume is recorded at 3314372.
Source
Inching Ever Higher: (AGNC), (CPT)
Stocks hitting new 52 week highs on June 8 are American Capital Agency Corp, and Camden Property Trust. Investors are buying the stock and pushing it higher because they may think that these stocks were undervalued. This could be a result of higher than expected earnings, overall market growth, or simply investor speculation.
Shares of American Capital Agency Corp (AGNC) had a total return 52 week high today of $30.65 per share and are currently trading at $30.63. The stock traded higher by 0.26% or $0.08/share to $30.63. The stock recorded a trading volume of 844855 today. This represents 0.91 times the average volume for American Capital Agency Corp. This is considered normal volume for the stock which means the new high is most likely caused by a steady uptrend. Expect the stock to continue its upward trend. A pullback could be a great opportunity to get onboard.
Shares of Camden Property Trust (CPT) had a total return 52 week high today of $65.09 per share and are currently trading at $64.99. The stock traded higher by 0.82% or $0.53/share to $64.99. The stock recorded a trading volume of 108330 today. This represents 0.75 times the average volume for Camden Property Trust. This is considered normal volume for the stock which means the new high is most likely caused by a steady uptrend. Expect the stock to continue its upward trend. A pullback could be a great opportunity to get onboard.
Shares of American Capital Agency Corp (AGNC) had a total return 52 week high today of $30.65 per share and are currently trading at $30.63. The stock traded higher by 0.26% or $0.08/share to $30.63. The stock recorded a trading volume of 844855 today. This represents 0.91 times the average volume for American Capital Agency Corp. This is considered normal volume for the stock which means the new high is most likely caused by a steady uptrend. Expect the stock to continue its upward trend. A pullback could be a great opportunity to get onboard.
Shares of Camden Property Trust (CPT) had a total return 52 week high today of $65.09 per share and are currently trading at $64.99. The stock traded higher by 0.82% or $0.53/share to $64.99. The stock recorded a trading volume of 108330 today. This represents 0.75 times the average volume for Camden Property Trust. This is considered normal volume for the stock which means the new high is most likely caused by a steady uptrend. Expect the stock to continue its upward trend. A pullback could be a great opportunity to get onboard.
Overbought Stocks: (PRM)
On June 8, the following stocks were determined to be overbought: PRIMEDIA Inc. The demand for these stocks have pushed the prices of the underlying assets to levels that do not support the fundamentals. This is interpreted as a sign that the stocks are overvalued and may experience a pullback.
Shares of PRIMEDIA Inc (PRM) traded higher by 0.01% or $0.00/share to $7.07. In the past year, the shares have traded as low as $2.34 and as high as $7.11. On average, 264980 shares of PRM exchange hands on a given day and today's volume is recorded at 10792.
Shares of PRIMEDIA Inc (PRM) traded higher by 0.01% or $0.00/share to $7.07. In the past year, the shares have traded as low as $2.34 and as high as $7.11. On average, 264980 shares of PRM exchange hands on a given day and today's volume is recorded at 10792.
WellPoint to purchase seniors specialist CareMore, (NYSE: WLP), (NYSE: UNH), (NYSE: HUM)
WellPoint Inc (WLP.N) plans to purchase privately held Medicare specialist CareMore to expand its presence in the U.S. government program for the elderly. The deal advances WellPoint's plans to become a bigger competitor in Medicare, rivaling leaders UnitedHealth Group Inc (UNH.N) and Humana Inc (HUM.N), as it seeks to take advantage of the post-war baby boom generation becoming eligible for the program. WellPoint did not announce the price, but The New York Times said it was about $800 million, citing unnamed sources. The acquisition may signal increased deal activity that has been expected in the industry since the U.S. healthcare overhaul passed last year.
WellPoint, Inc. (WellPoint) is a health benefits company in terms of medical membership in the United States. Shares of WLP fell by 0.43% or $-0.33/share to $75.6. In the past year, the shares have traded as low as $46.52 and as high as $81.92. On average, 3034960 shares of WLP exchange hands on a given day and today's volume is recorded at 1018013.
UnitedHealth Group Incorporated is a diversified health and well-being company. Shares of UNH traded higher by 0.23% or $0.11/share to $48.08. In the past year, the shares have traded as low as $27.13 and as high as $51.46. On average, 6506680 shares of UNH exchange hands on a given day and today's volume is recorded at 1641697.
Humana Inc. (Humana) is a health and supplemental benefits company. Shares of HUM traded higher by 0.61% or $0.47/share to $77.76. In the past year, the shares have traded as low as $43.59 and as high as $80.42. On average, 1544210 shares of HUM exchange hands on a given day and today's volume is recorded at 313375.
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WellPoint, Inc. (WellPoint) is a health benefits company in terms of medical membership in the United States. Shares of WLP fell by 0.43% or $-0.33/share to $75.6. In the past year, the shares have traded as low as $46.52 and as high as $81.92. On average, 3034960 shares of WLP exchange hands on a given day and today's volume is recorded at 1018013.
UnitedHealth Group Incorporated is a diversified health and well-being company. Shares of UNH traded higher by 0.23% or $0.11/share to $48.08. In the past year, the shares have traded as low as $27.13 and as high as $51.46. On average, 6506680 shares of UNH exchange hands on a given day and today's volume is recorded at 1641697.
Humana Inc. (Humana) is a health and supplemental benefits company. Shares of HUM traded higher by 0.61% or $0.47/share to $77.76. In the past year, the shares have traded as low as $43.59 and as high as $80.42. On average, 1544210 shares of HUM exchange hands on a given day and today's volume is recorded at 313375.
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Roller Coaster Stocks: (HRBN), (CODE), (DAC), (LAYN), (VISN)
Among the most volatile stocks traded on June 8 were: Harbin Electric, Inc, Spansion Inc, Danaos Corporation, Layne Christensen Co, and VisionChina Media Inc. These stocks are risky as they have high volatility. Since these stocks carry a lot of risk, they will usually provide large returns. This high volatility could be caused by their business strategy or the type of sector they are in.
Shares of Harbin Electric, Inc. (HRBN) traded higher by 7.89% or $1.15/share to $15.72. In the past year, the shares have traded as low as $13.34 and as high as $25.05. On average, 770310 shares of HRBN exchange hands on a given day and today's volume is recorded at 459874. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $18.47 area where the stock may encounter resistance.
Shares of Spansion Inc. (CODE) fell by 0.51% or $-0.10/share to $19.35. In the past year, the shares have traded as low as $13.73 and as high as $21.60. On average, 332430 shares of CODE exchange hands on a given day and today's volume is recorded at 31913. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $18.68 area.
Shares of Danaos Corporation (DAC) fell by 1.58% or $-0.10/share to $6.23. In the past year, the shares have traded as low as $3.50 and as high as $7.87. On average, 96630 shares of DAC exchange hands on a given day and today's volume is recorded at 21478. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $4.93 area.
Shares of Layne Christensen Co. (LAYN) traded higher by 14.37% or $3.94/share to $31.35. In the past year, the shares have traded as low as $23.01 and as high as $38.00. On average, 103570 shares of LAYN exchange hands on a given day and today's volume is recorded at 215520. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $29.87 area where the stock will likely see buying pressure.
Shares of VisionChina Media Inc. (VISN) fell by 0.59% or $-0.02/share to $3.35. In the past year, the shares have traded as low as $2.51 and as high as $5.10. On average, 206070 shares of VISN exchange hands on a given day and today's volume is recorded at 56718. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $4.15 area where the stock may encounter resistance.
Shares of Harbin Electric, Inc. (HRBN) traded higher by 7.89% or $1.15/share to $15.72. In the past year, the shares have traded as low as $13.34 and as high as $25.05. On average, 770310 shares of HRBN exchange hands on a given day and today's volume is recorded at 459874. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $18.47 area where the stock may encounter resistance.
Shares of Spansion Inc. (CODE) fell by 0.51% or $-0.10/share to $19.35. In the past year, the shares have traded as low as $13.73 and as high as $21.60. On average, 332430 shares of CODE exchange hands on a given day and today's volume is recorded at 31913. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $18.68 area.
Shares of Danaos Corporation (DAC) fell by 1.58% or $-0.10/share to $6.23. In the past year, the shares have traded as low as $3.50 and as high as $7.87. On average, 96630 shares of DAC exchange hands on a given day and today's volume is recorded at 21478. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $4.93 area.
Shares of Layne Christensen Co. (LAYN) traded higher by 14.37% or $3.94/share to $31.35. In the past year, the shares have traded as low as $23.01 and as high as $38.00. On average, 103570 shares of LAYN exchange hands on a given day and today's volume is recorded at 215520. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $29.87 area where the stock will likely see buying pressure.
Shares of VisionChina Media Inc. (VISN) fell by 0.59% or $-0.02/share to $3.35. In the past year, the shares have traded as low as $2.51 and as high as $5.10. On average, 206070 shares of VISN exchange hands on a given day and today's volume is recorded at 56718. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $4.15 area where the stock may encounter resistance.
Stocks with Strong Financial Metrics (NYSE: BGC)
Shares of BGC traded higher by 1.26% or $0.45/share to $36.24. General Cable Corp. is trading at a price to book ratio of 1.21. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.83 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.36. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 740478 shares of BGC exchange hands on a given day and today's volume is recorded at 174870. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets.
General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets.
Great Stock Value (NYSE: SPP)
Shares of SPP fell by 0.37% or $-0.02/share to $5.38. Sappi Limited is trading at a price to book ratio of 1.44. The PEG is 0.28 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.4. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 16955 shares of SPP exchange hands on a given day and today's volume is recorded at 7614. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Sappi Limited (Sappi) is a paper and pulp company.
Sappi Limited (Sappi) is a paper and pulp company.
Excellent Stock Value (TSE: TRE.TO)
Shares of TRE traded higher by 3.49% or $0.14/share to $4.15. Sino-Forest Corporation is trading at a price to book ratio of 0.31. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.58 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.51. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2995470 shares of TRE.TO exchange hands on a given day and today's volume is recorded at 1856483. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
TSE:TRE.TO - Google Finance Search
Great Stock Value (NASDAQ: WPPGY)
Shares of WPPGY fell by 1.1% or $-0.66/share to $59.21. WPP plc is trading at a price to book ratio of 0.7. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.56. The price to sales ratio came in at 0.49. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 63366 shares of WPPGY exchange hands on a given day and today's volume is recorded at 51645. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide.
WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide.
Stocks with Strong Financial Metrics (TSE: RON.TO)
Shares of RON remained unchanged at $12.15. RONA inc. is trading at a price to book ratio of 0.85. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.7. The price to sales ratio came in at 0.33. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 199545 shares of RON.TO exchange hands on a given day and today's volume is recorded at 814624. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
TSE:RON.TO - Google Finance Search
UK bank Lloyds sells Hill Hire to Ryder System, (LLOY), (NYSE: R)
British bank Lloyds (LLOY.L) said it had sold truck leasing company Hill Hire to American group Ryder System Inc (R.N) for 151 million pounds ($247.3 million), as part of Lloyds' ongoing plan to dispose of non-core assets. Regulators have ordered Lloyds to sell off assets and trim its balance sheet after the bank had to be bailed out and part-nationalised by the British government during the credit crisis. ($1=.6105 Pound)
Ryder System, Inc. (Ryder) provides transportation and supply chain management solutions. Shares of R remained unchanged at $50.7. In the past year, the shares have traded as low as $37.00 and as high as $55.67. On average, 675691 shares of R exchange hands on a given day and today's volume is recorded at 0.
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Ryder System, Inc. (Ryder) provides transportation and supply chain management solutions. Shares of R remained unchanged at $50.7. In the past year, the shares have traded as low as $37.00 and as high as $55.67. On average, 675691 shares of R exchange hands on a given day and today's volume is recorded at 0.
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Europa Capital buys Bulgarian mall for 100 million eur, (NYSE: GE)
London-based property fund manager Europa Capital said on Wednesday it has signed an agreement to acquire a shopping mall in the Bulgarian capital Sofia for about 100 million euros ($146.7 million). The group, controlled by U.S. real estate investor Rockefeller Group International, is taking over the mall from General Electric Co's (GE.N) real estate unit, GE Real Estate, and Avestus Capital Partners, a Dublin-based property investment firm. This is Europa Capital's second investment in Bulgaria, after it bought a shopping mall in the country's second biggest city of Plovdiv for 20 million euros earlier this year. The deal for the Mall of Sofia, a 23,600 square metre downtown shopping centre will be financed by the existing lenders Hungary's OTP OTPB.BU and its Bulgarian unit DSK, Europa Capital said in a statement. ($1=.6817 Euro)
General Electric Company (GE) is a technology and financial services corporation. Shares of GE remained unchanged at $18.48. In the past year, the shares have traded as low as $13.75 and as high as $21.65. On average, 53431500 shares of GE exchange hands on a given day and today's volume is recorded at 3650.
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General Electric Company (GE) is a technology and financial services corporation. Shares of GE remained unchanged at $18.48. In the past year, the shares have traded as low as $13.75 and as high as $21.65. On average, 53431500 shares of GE exchange hands on a given day and today's volume is recorded at 3650.
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Citigroup sells private equity assets to Axa unit, (NYSE: C), (AXAF), (NYSE: BAC)
Citigroup (C.N) has agreed to sell a portfolio of private equity assets to Axa (AXAF.PA) Private Equity for $1.7 billion, the French insurer said on Wednesday, the latest move by the U.S. bank to unload non-core assets. For Axa Private Equity, the deal is part of a series of acquisitions of private equity investments originally owned by other investors, including the purchase of a $1.9 billion portfolio from Bank of America (BAC.N) in April 2010. AXA and other funds who have been buying private equity portfolios on the secondary market are betting that such assets -- which have begun to recover since the 2008 financial crisis -- will appreciate further and that they can extract more value from them. The Citigroup portfolio comprises 207 stakes in various takeover funds as well as some direct stakes in companies, Axa said, adding that Citi -- which has been looking to focus on its core businesses -- was financing the purchase.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C remained unchanged at $37.58. In the past year, the shares have traded as low as $36.20 and as high as $51.50. On average, 40175500 shares of C exchange hands on a given day and today's volume is recorded at 3408.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC remained unchanged at $10.65. In the past year, the shares have traded as low as $10.60 and as high as $16.10. On average, 133126000 shares of BAC exchange hands on a given day and today's volume is recorded at 3425.
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Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C remained unchanged at $37.58. In the past year, the shares have traded as low as $36.20 and as high as $51.50. On average, 40175500 shares of C exchange hands on a given day and today's volume is recorded at 3408.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC remained unchanged at $10.65. In the past year, the shares have traded as low as $10.60 and as high as $16.10. On average, 133126000 shares of BAC exchange hands on a given day and today's volume is recorded at 3425.
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Oaktree drops plans to sell Stock Spirits, (DGE), (NASDAQ: CEDC), (BEVD), (PERP)
U.S. private equity group Oaktree Capital has dropped plans to sell Stock Spirits, one of central Europe's biggest alcohol producers, the company said on Wednesday. Oaktree had been looking at various options for Stock Spirits, the producer of high-end Polish vodka Czysta de Luxe and Czech plum brandy. A source close to the discussions told Reuters last month that Oaktree wanted to float Stock Spirits in an offer worth some 350 million euros ($513.4 million) after failing to sell it to Diageo (DGE.L), the world's top spirits group. "Oaktree Capital has been, and continues to be, fully committed to the group's strategy and plans, and the business will continue to benefit from the substantial investment they have already made in the brands, people and facilities," Stock Spirits said in a statement. Analysts estimate the British-based Stock Spirits is the leader in the Polish $2.3 billion vodka market, with a 27 percent share, just ahead of Central European Distribution Corp (CEDC.O) at 26 percent, then Belvedere (BEVD.PA) at 19 percent, Pernod Ricard (PERP.PA) at 11 percent and Diageo less than 2 percent.
Central European Distribution Corporation (CEDC) operates primarily in the alcohol beverage industry. Shares of CEDC remained unchanged at $11.79. In the past year, the shares have traded as low as $10.00 and as high as $28.08. On average, 1668120 shares of CEDC exchange hands on a given day and today's volume is recorded at 0.
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Central European Distribution Corporation (CEDC) operates primarily in the alcohol beverage industry. Shares of CEDC remained unchanged at $11.79. In the past year, the shares have traded as low as $10.00 and as high as $28.08. On average, 1668120 shares of CEDC exchange hands on a given day and today's volume is recorded at 0.
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RPT-Advisor Evercore bulks up in Europe with Lexicon, (NYSE: EVR)
U.S. investment bank Evercore Partners (EVR.N) is bulking up in Europe with the purchase of UK advisory firm Lexicon Partners, stepping up consolidation among boutique firms. The 86 million pound ($141 million) acquisition announced on Wednesday could signal more deals among boutique advisory firms, which have taken market share from bigger universal banks since the financial crisis. "Expect more of this kind of lateral expansion in the advisory sector," analysts at Mediobanca said. Lexicon was established in 2000 and provides advice to large and mid-size corporations, mainly in financial services, utilities and infrastructure, and energy sectors.
Evercore Partners Inc. (Evercore), incorporated on July 20, 2005, is an independent investment banking advisory firms in the world based on the dollar volume of announced worldwide merger and acquisition (M&A). Shares of EVR remained unchanged at $34.26. In the past year, the shares have traded as low as $21.02 and as high as $37.26. On average, 132978 shares of EVR exchange hands on a given day and today's volume is recorded at 0.
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Evercore Partners Inc. (Evercore), incorporated on July 20, 2005, is an independent investment banking advisory firms in the world based on the dollar volume of announced worldwide merger and acquisition (M&A). Shares of EVR remained unchanged at $34.26. In the past year, the shares have traded as low as $21.02 and as high as $37.26. On average, 132978 shares of EVR exchange hands on a given day and today's volume is recorded at 0.
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Leonard Green, CVC may bid for BJ's - report, (NYSE: BJ), (NYSE: APO)
Private equity firms Leonard Green and CVC Capital Partners could make a joint takeover offer for BJ's Wholesale Club Inc (BJ.N) next week, valuing the third-largest U.S. wholesale club retailer at about $2.8 billion, the New York Post reported, citing sources. The paper also said late on Tuesday that Apollo Global Management LLC (APO.N) and Bain Capital had pulled out of the race. In April, a source told Reuters that Apollo might be interested in BJ's Wholesale as the retailer could fit well with its Smart & Final chain. Leonard Green and CVC Capital Partners did not immediately respond to requests seeking comment. In March, Leonard Green & Partners said it was evaluating whether to purchase BJ's and had entered into a confidentiality agreement with the company.
BJ?s Wholesale Club, Inc. (BJ?s) is a warehouse club operator in the eastern United States. Shares of BJ remained unchanged at $47.7. In the past year, the shares have traded as low as $36.77 and as high as $52.46. On average, 939218 shares of BJ exchange hands on a given day and today's volume is recorded at 0.
Apollo Global Management, LLC (Apollo) is a global alternative asset manager. Shares of APO remained unchanged at $16.92. In the past year, the shares have traded as low as $16.80 and as high as $19.00. On average, 1438320 shares of APO exchange hands on a given day and today's volume is recorded at 0.
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BJ?s Wholesale Club, Inc. (BJ?s) is a warehouse club operator in the eastern United States. Shares of BJ remained unchanged at $47.7. In the past year, the shares have traded as low as $36.77 and as high as $52.46. On average, 939218 shares of BJ exchange hands on a given day and today's volume is recorded at 0.
Apollo Global Management, LLC (Apollo) is a global alternative asset manager. Shares of APO remained unchanged at $16.92. In the past year, the shares have traded as low as $16.80 and as high as $19.00. On average, 1438320 shares of APO exchange hands on a given day and today's volume is recorded at 0.
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Takeover Chatter - Corporate finance press digest, (MBFL)
The following corporate finance-related stories were reported on Wednesday: * Mphasis (MBFL.NS) shares rose 4 percent on a Dow Jones report the mid-tier outsourcer was considering a $65 million stock buyback as part of plans to use cash reserves, two dealers said.
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Citigroup sells private equity assets to Axa unit, (NYSE: C), (AXAF)
Citigroup (C.N) has agreed to sell a portfolio of private equity assets to Axa (AXAF.PA) Private Equity for $1.7 billion, the French insurer said on Wednesday. The portfolio comprises 207 stakes in various takeover funds as well as some direct stakes in companies, Axa said, adding that Citi -- which has been looking to focus on its core businesses -- was financing the purchase.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C remained unchanged at $37.58. In the past year, the shares have traded as low as $36.20 and as high as $51.50. On average, 40175500 shares of C exchange hands on a given day and today's volume is recorded at 0.
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Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C remained unchanged at $37.58. In the past year, the shares have traded as low as $36.20 and as high as $51.50. On average, 40175500 shares of C exchange hands on a given day and today's volume is recorded at 0.
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Danisco top managers resign after DuPont takeover, (DCO), (NYSE: DD)
Danisco (DCO.CO) said on Wednesday its top management would resign later this month following U.S. chemicals group DuPont's (DD.N) takeover of the group for $6.4 billion in May. The Danish food ingredients and enzymes maker said Chief Executive Tom Knutzen and Chief Financial Officer Soren Bjerre-Nielsen would resign from Danisco with effect from June 17. The company is expected to be delisted from the Copenhagen stock exchange in June after a final general meeting of Danisco shareholders. DuPont has yet to decide whether to keep the Danisco brand name. Danisco shares were down 0.1 percent at 0734 GMT compared with a 1.0 percent fall in the Copenhagen bourse's blue-chip index .OMXC20.
E. I. du Pont de Nemours and Company (DuPont) offers a range of products and services for markets, including agriculture and food, building and construction, electronics and communications, general industrial and transportation. Shares of DD remained unchanged at $50.29. In the past year, the shares have traded as low as $33.73 and as high as $57.00. On average, 5458680 shares of DD exchange hands on a given day and today's volume is recorded at 0.
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E. I. du Pont de Nemours and Company (DuPont) offers a range of products and services for markets, including agriculture and food, building and construction, electronics and communications, general industrial and transportation. Shares of DD remained unchanged at $50.29. In the past year, the shares have traded as low as $33.73 and as high as $57.00. On average, 5458680 shares of DD exchange hands on a given day and today's volume is recorded at 0.
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GE, Siemens, Carlyle bid for S.Africa firm -source, (NYSE: GE), (ABBN)
General Electric (GE.N), Siemens AG (SIEGn.DE) and private equity group Carlyle Group are among the bidders for South African equipment repair firm Savcio Holdings in a potential $500 million deal, a person familiar with the matter said. Swiss engineering firm ABB Ltd (ABBN.VX) had also been involved in bidding for the Johannesburg-based company, but its current interest is unclear, said the person, who declined to be identified because the information is not yet public. Private equity firms Actis and Ethos Private Equity are looking to sell their combined controlling stake in Savcio, as are its minority shareholders, the person said. There has already been one round of bidding, with the second round due by early July, the person said. Savcio has an enterprise value, or combined debt and equity, of $400 million to $500 million, the person said, making the deal a substantial one for South Africa's growing private equity market.
General Electric Company (GE) is a technology and financial services corporation. Shares of GE remained unchanged at $18.48. In the past year, the shares have traded as low as $13.75 and as high as $21.65. On average, 53431500 shares of GE exchange hands on a given day and today's volume is recorded at 0.
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General Electric Company (GE) is a technology and financial services corporation. Shares of GE remained unchanged at $18.48. In the past year, the shares have traded as low as $13.75 and as high as $21.65. On average, 53431500 shares of GE exchange hands on a given day and today's volume is recorded at 0.
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SEC cites suspicious Telvent buys pre Schneider bid, (NASDAQ: TLVT), (SCHN), (NYSE: BK)
The U.S. Securities and Exchange Commission said it got a court order freezing the proceeds of certain suspicious trade in energy software provider Telvent (TLVT.O) securities before a $1.36 billion takeover bid by France's Schneider Electric (SCHN.PA). The U.S. securities watchdog said a federal judge in Manhattan granted the temporary restraining order after the SEC alleged there had been insider trading in shares of Telvent, which is based in Spain but quoted on the Nasdaq exchange. According to the SEC's complaint, unknown parties bought 1,200 Telvent call option contracts between April 29 and May 27 -- roughly a 30 day period before Schneider announced the bid on June 1 -- at a 16 percent premium to Telvent's previous closing stock price. About two-thirds of the call options were acquired in the two trading days before the takeover announcement and in one case saw their price soar by about 480 percent, according to the SEC, yielding about $475,000 for the investors. In addition to freezing the proceeds, the court also ordered the investors -- who bought the options through an account at BNY Mellon's (BK.N) Pershing unit -- to identify themselves and prohibited them from destroying documents, according to the SEC statement, dated June 6.
Telvent GIT, S.A. is an information technology (IT) solutions and information services provider. Shares of TLVT remained unchanged at $39.75. In the past year, the shares have traded as low as $16.57 and as high as $33.37. On average, 348620 shares of TLVT exchange hands on a given day and today's volume is recorded at 0.
The Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. Shares of BK remained unchanged at $26.55. In the past year, the shares have traded as low as $23.78 and as high as $32.50. On average, 6750850 shares of BK exchange hands on a given day and today's volume is recorded at 0.
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Telvent GIT, S.A. is an information technology (IT) solutions and information services provider. Shares of TLVT remained unchanged at $39.75. In the past year, the shares have traded as low as $16.57 and as high as $33.37. On average, 348620 shares of TLVT exchange hands on a given day and today's volume is recorded at 0.
The Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. Shares of BK remained unchanged at $26.55. In the past year, the shares have traded as low as $23.78 and as high as $32.50. On average, 6750850 shares of BK exchange hands on a given day and today's volume is recorded at 0.
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Market Corporate Finance Digest, (NYSE: C), (NYSE: LFL)
The following corporate finance-related stories were reported in newspapers and other media on Wednesday: * Citigroup Inc (C.N) will sell a $1.7 billion portfolio of private-equity assets to European takeover firm AXA Private Equity as the U.S. bank looks to focus on its core businesses, the Wall Street Journal reported, citing people familiar with the matter. * Chilean airline LAN LAN.SN (LFL.N) now expects its takeover of Brazilian airline TAM to be finalized by next March, depending on the resolution of regulatory issues, LAN's chief executive said in a newspaper interview. * Nippon Steel Corp (5401.T) and Sumitomo Metal Industries Ltd (5405.T) will seek to combine under a new legal framework designed to make merger screenings faster and more transparent, the Nikkei business daily reported.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C fell by 1.29% or $-0.49/share to $37.58. In the past year, the shares have traded as low as $36.20 and as high as $51.50. On average, 40175500 shares of C exchange hands on a given day and today's volume is recorded at 49810940.
Lan Airlines SA (LAN) is a Chile-based passenger airline and cargo operator. Shares of LFL fell by 0.04% or $-0.01/share to $28.08. In the past year, the shares have traded as low as $18.09 and as high as $32.68. On average, 355209 shares of LFL exchange hands on a given day and today's volume is recorded at 269097.
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Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C fell by 1.29% or $-0.49/share to $37.58. In the past year, the shares have traded as low as $36.20 and as high as $51.50. On average, 40175500 shares of C exchange hands on a given day and today's volume is recorded at 49810940.
Lan Airlines SA (LAN) is a Chile-based passenger airline and cargo operator. Shares of LFL fell by 0.04% or $-0.01/share to $28.08. In the past year, the shares have traded as low as $18.09 and as high as $32.68. On average, 355209 shares of LFL exchange hands on a given day and today's volume is recorded at 269097.
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Citi to sell $1.7 billion private equity assets - WSJ, (NYSE: C), (NYSE: KKR), (NYSE: BX)
Citigroup Inc (C.N) will sell a $1.7 billion portfolio of private-equity assets to European takeover firm AXA Private Equity, as the U.S. bank looks to focus on its core businesses, the Wall Street Journal reported, citing people familiar with the matter. The portfolio consists of 207 limited-partnership interests in buyout funds, including stakes in funds owned by KKR & Co (KKR.N), Blackstone Group (BX.N), Carlyle Group and others, as well as direct stakes in about 20 companies, the Journal said. The deal is expected to be announced on Wednesday, the paper said. Citigroup and AXA Private Equity did not immediately respond to requests for comment. The Journal said that the stakes, which are part of the company's roughly $600 billion in assets, include troubled loan and securities portfolios which it had earmarked for sale in 2009.
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C fell by 1.29% or $-0.49/share to $37.58. In the past year, the shares have traded as low as $36.20 and as high as $51.50. On average, 40175500 shares of C exchange hands on a given day and today's volume is recorded at 49810940.
KKR & Co. L.P.: NYSE:KKR quotes & news - Google Finance Source
Citigroup Inc. (Citigroup) is a global diversified financial services holding company. Shares of C fell by 1.29% or $-0.49/share to $37.58. In the past year, the shares have traded as low as $36.20 and as high as $51.50. On average, 40175500 shares of C exchange hands on a given day and today's volume is recorded at 49810940.
Market Corporate Finance Digest
The following corporate finance-related stories were reported on Wednesday: * Chilean airline LAN now expects its takeover of Brazilian airline TAM to be finalized by next March, depending on the resolution of regulatory issues, LAN's chief executive said in a newspaper interview. * Nippon Steel Corp and Sumitomo Metal Industries Ltd will seek to combine under a new legal framework designed to make merger screenings faster and more transparent, the Nikkei business daily reported.
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