Brazil’s Oi SA (ADR) (NYSE:OIBR) said on Thursday that before they combined assets, Portugal Telecom SGPS SA did not disclose an investment in the holding company of a key shareholder under investigation in Luxembourg. Oi said it would defend its interests as it pressed for more information, reflecting a growing gulf between the telecommunications companies in the midst of a drawn-out merger. Oi SA (ADR) (NYSE:OIBR) weekly performance is -18.21%. On last trading day company shares ended up $0.752. Analysts mean target price for the company is $1.45. Oi SA (ADR) (NYSE:OIBR) distance from 50-day simple moving average (SMA50) is -18.49%.
NewLead Holdings Ltd (NASDAQ:NEWL) on June 26 announced that, on June 25, 2014, the Company received a letter from the NASDAQ Listing Qualifications Staff (the “Staff”) of The NASDAQ Stock Market LLC (“NASDAQ”) notifying the Company that the Staff has determined pursuant to its discretionary authority set forth in Listing Rule 5101 to delist the Company’s securities based on public interest concerns raised by certain false and misleading public disclosures made by the Company and the fact that the Company has not demonstrated an ability to sustain compliance with the $1.00 minimum bid price requirement for continued listing on The NASDAQ Global Select Market, as set forth in Listing Rule 5450(a)(1), as required by a NASDAQ Hearings Panel decision dated January 3, 2014. NewLead Holdings Ltd (NASDAQ:NEWL) shares fell -20.14% in last trading session and ended the day on $0.146. NEWL quarterly performance is -99.77%.
Portugal Telecom SGPS (ADR) (NYSE:PT) fell 5.7% to $4.47 per ADR after two board members resigned after learning of investments made by the phone company without consulting them, a report in Valor Economico said. Portugal Telecom, SGPS (ADR) (NYSE:PT) shares moved down -4.48% in last trading session and was closed at $3.20, while trading in range of $3.14 – $3.37. Portugal Telecom, SGPS (ADR) (NYSE:PT) year to date (YTD) performance is -23.08%.
MELA Sciences, Inc. (NASDAQ:MELA), developer of the MelaFind(R) system, an optical diagnostic device approved for use in the U.S. and the European Union to assist dermatologists in melanoma diagnosis, announced that its board of directors has approved a one-for-ten reverse stock split of the Company’s common stock to become effective at 5 p.m., Eastern Time, July 9, 2014. MELA Sciences Inc (NASDAQ:MELA) ended the last trading day at $0.310. Company weekly volatility is calculated as 8.29% and price to cash ratio as 2.00. MELA Sciences Inc (NASDAQ:MELA) showed a negative weekly performance of -6.06%.
Walker & Dunlop, Inc. (NYSE:WD) (the “Company”) announced that it has opened a new office in Charlotte, NC, adding to its significant Southeast presence which already includes Atlanta, Boca Raton, Nashville, New Orleans, Tampa and Ft. Lauderdale. In addition to loan origination, the Charlotte office will also contain much of the credit operations for Walker & Dunlop’s new CMBS conduit. Walker & Dunlop, Inc. (NYSE:WD) net profit margin is 14.90% and weekly performance is -1.64%. On last trading day company shares ended up $14.38. Analysts mean target price for the company is $17.70. Walker & Dunlop, Inc. (NYSE:WD) distance from 50-day simple moving average (SMA50) is -3.70%.
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