Notable Stock Movers (NOK, XOM, AMD, MS, JPM)
NEW YORK, October 21 ,2012 (MESHPRESS) – Csrnewsdaily.com , an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on the U.S. market, issues news updates on the following Tuesday’s Top Gainers:-
Nokia Corporation (ADR) (NYSE:NOK) declined 2.14% and closed at $2.74 at a traded volume of 44.54 million shares. The Company reported the third quarter net loss of €969 million compared to €68 million quarterly loss in the same period previous year. Net sales for the quarter came down to €7.2 billion from €8.98 billion in the same period previous year.
The company has entered in a joint venture with Siemens called Nokia Siemens Networks, with association of R&D partners.
Can NOK Continue To Move Higher? Find Out Here
Exxon Mobil Corporation (NYSE:XOM) declined 1.42% and closed at $92.15 at a traded volume of 15.93 million shares. The Company agreed to buy Celtic Exploration Ltd. in a deal worth about $3.14 billion, including debt The Company is offering CDN$24.50 a share for its outstanding share and half share of a new Company.
The cash portion of the deal represents a 35% premium to Celtic’s closing price of C$18.12 in Toronto on Tuesday.
Can XOM Extend Gain? Find Out Here
Advanced Micro Devices, Inc (NYSE:AMD) went down by 16.79% and closed at $2.18. The Company reported a loss $157 million for the third quarter of 2012. The company’s revenue for the second quarter was $1.27 billion compared to $1.41 billion in the second quarter. As a result of loss in Q3, the Company announced that it will lay off 15% of its global workforce as part of a restructuring plan.
How Should Investors Trade AMD Now? Find Out Here
Morgan Stanley (NYSE:MS) declined 1.46% and closed at $17.53. The stock opened at $ 17.59.The Company reported a loss of $1.01 billion against a profit of $2.2 billion in previous earlier, The Company’s revenue without accounting charges moved up to $7.55 billion from $6.40 billion in previous year. Zack has reaffirmed the rating of the Company’s stock as neutral rating .They currently have a $19.00 price target on the stock.
How Should Investors React To MS Now? Find Out Here
JPMorgan Chase & Co. (NYSE:JPM) went down by 1.60% and closed at $42.32. The Company declared a quarterly dividend on the outstanding shares of each of the corporation’s preferred stock issues. The dividend payment date is on December 1, 2012.The Company raised a $617.3 million collateralized loan obligation for BlueMountain Capital Management LLC.
How Should Investors React To JPM Now? Find Out Here
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