Shares of Advanced Micro Devices Inc. (NYSE: AMD) were moving higher Tuesday after Ascendiant Capital started coverage of the stock with a Buy rating.The shares got an extra boost after the company said in a regulatory filing that the sovereign wealth fund of Abu Dhabi had exercised warrants to buy 34.9 million shares on Friday and now owns 18.6% of the company’s stock. Advanced Micro Devices, Inc. (NYSE:AMD) stock opened at $3.86 in last session, and closed at $3.85, while the day range of AMD stock is $3.83-$4.01. The stock showed a positive weekly performance of 4.05%.
AT&T and Verizon Communications Inc. (NYSE:VZ) have several advantages that no competitor can match. Each has a well-established network. Each has been in business for years using the same brands, the same retail store outlets and parent companies that offer other products that create diversification and financial strength. A merged Sprint and T-Mobile cannot come close to matching the other two with their huge landline, broadband fiber and business-to-business operations. Verizon Communications Inc. (NYSE:VZ) stock opened at $46.73, in last session and closed at $46.70, by loosed -0.70%. The 52 week range was $45.08-$54.31. Company’s market capitalization is $193.19 billion.
The General Motors Company (NYSE:GM) has until April 3 to respond to more than 100 questions from the National Highway Traffic Safety Administration about the recall. The NHTSA itself is under scrutiny because it dismissed hundreds of complaints from car owners over the years about cars stalling in motion. General Motors Company (NYSE:GM) stock loosed -5.15% and finished the last session at $35.18. The EPS of the stock remained 2.38.Company’s market capitalization is $55.93 billion.
Bank of America Corp (NYSE:BAC) Merrill Lynch has been named by Global Finance magazine as Best Overall Bank for Cash Management in North America for the fourth consecutive year. The publication also named BofA Merrill as North America winner for Best Bank for Liquidity Management for the third straight year and Best Bank for Risk Management. Bank of America Corp (NYSE:BAC) stock opened the session at $17.51, and closed the session at $17.21. The 52 week range of the BAC stock remained $11.23-$17.63 and the day range was $17.25-$17.52.
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