Momentum Stocks: LDK Solar (NYSE:LDK), United Technologies Corporation (NYSE:UTX), 8×8, Inc. (NASDAQ:EGHT), Syntel (NASDAQ:SYNT)
LDK Solar Co., Ltd. (ADR) (NYSE:LDK) announced that it has entered into a new 14-day forbearance arrangement with holders of a majority in aggregate principal amount of its US$-Settled 10% Senior Notes due 2014 (the “Notes”). LDK Solar Co., Ltd (ADR) (NYSE:LDK) stock opened at $1.10 in last session, and closed at $1.08, while the day range of LDK stock is $1.06 – $1.12. The stock showed a negative weekly performance of -0.92%.
BOC Aviation has selected United Technologies Corp. (NYSE: UTX) division Pratt & Whitney PurePower PW1100G-JM engines for 15 firm A320neo aircraft. United Technologies Corporation (NYSE:UTX) stock opened at $112.18, in last session and closed at $113.30, by gaining 0.46%. The 52 week range of UTX is $88.37 – $118.20. Company’s market capitalization is $103.86billion.
8×8, Inc. (NASDAQ:EGHT) said it has partnered with Zendesk to develop a bundled cloud contact centre solution that weaves the functionality of both applications to improve the responsiveness, efficiency and management of contact centers. 8×8, Inc. (NASDAQ:EGHT) stock advanced 6.87% and finished the last session at $10.27. The EPS of the stock remained 0.07. Company’s market capitalization is $902.47million.
Syntel, Inc. (NASDAQ: SYNT), a global information technology services and Knowledge Process Outsourcing (KPO) company announced financial results for the fourth quarter and full year, ended December 31, 2013. Syntel, Inc. (NASDAQ:SYNT) stock opened the session at $85.00, and closed the session at $91.57. The 52 week range of the SYNT stock remained $57.85 – $93.45 and the day range was $85.00 – $92.68.