The bidding war for Hillshire Brands Co. (HSH) is proving costly for the Brazilian bankers at JPMorgan Chase & Co. (NYSE:JPM) and Morgan Stanley. Tyson, based in Springdale, Arkansas, announced its bid and said it hired the two New York-based banks two days after JBS’s May 27 offer, saying JPMorgan is also likely to join Morgan Stanley (MS) in providing bridge financing for the deal. JPMorgan Chase & Co. (NYSE:JPM) net profit margin is 41.00% and weekly performance is 1.87%. On last trading day company shares ended up $55.57. Analysts mean target price for the company is $63.98. JPMorgan Chase & Co. (NYSE:JPM) distance from 50-day simple moving average (SMA50) is -1.62%.
On May 30, Wal-Mart Stores (NYSE:WMT) EVP Rollin L. Ford sold 1,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $76.55, for a total transaction of $76,550.00. Following the completion of the transaction, the executive vice president now directly owns 99,270 shares of the company’s stock, valued at approximately $7,599,119. Wal-Mart Stores, Inc. (NYSE:WMT) shares advanced 1.04% in last trading session and ended the day on $76.77. Gross Margin is 24.80 % and its return on assets is 9.60%. Wal-Mart Stores, Inc. (NYSE:WMT) quarterly performance is 4.08%.
Exxon Mobil Corporation (NYSE:XOM)’s plan to install a coker at its refinery in Antwerp, Belgium to shift from fuel oil bunker production to diesel is moving forward, CEO Rex Tillerson toldinvestors on a recent earnings call. Exxon Mobil Corporation (NYSE:XOM) shares moved down -0.73% in last trading session and was closed at $100.53, while trading in range of $100.37 – $101.15. Exxon Mobil Corporation (NYSE:XOM) year to date (YTD) performance is 0.72%.
General Electric Company (NYSE:GE) has awarded SCC an ecomagination award to recognize the company for its noteworthy reductions in fresh water consumption and wastewater discharge. GE’s ecomagination award recognizes the achievements of industrial users for striking a positive balance between today’s environmental, industrial and sustainability challenges. It is given to the top GE customers in environmental and economic performance. General Electric Company (NYSE:GE) ended the last trading day at $26.79. Company weekly volatility is calculated as 0.67% and price to cash ratio as 2.02. General Electric Company (NYSE:GE) showed a positive weekly performance of 1.06%.
On June 1, The Procter & Gamble Company (NYSE:PG) Chairman Werner Geissler unloaded 49,326 shares of the company’s stock on the open market in a transaction dated Thursday, May 29th. The shares were sold at an average price of $80.20, for a total transaction of $3,955,945.20. Following the completion of the transaction, the chairman now directly owns 221,230 shares of the company’s stock, valued at approximately $17,742,646. The Procter & Gamble Company (NYSE:PG) net profit margin is 12.60% and weekly performance is 0.17%. On last trading day company shares ended up $80.79. Analysts mean target price for the company is $87.44. The Procter & Gamble Company (NYSE:PG) distance from 50-day simple moving average (SMA50) is 0.38%.
Former Microsoft Corporation (NASDAQ:MSFT) CEO Steve Ballmer has agreed to buy the Los Angeles Clippers for a whopping $2 billion, and everyone is making the exact same joke. Microsoft Corporation (NASDAQ:MSFT) net profit margin is 26.90% and weekly performance is 2.09%. On last trading day company shares ended up $40.94. Analysts mean target price for the company is $41.60. Microsoft Corporation (NASDAQ:MSFT) distance from 50-day simple moving average (SMA50) is 2.83%.
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