Range-bound for the last few weeks, Citigroup Inc (NYSE:C) has followed the broader market into the red, down 1.1% at $49.01. In the options pits, however, longer-term speculators are expressing confidence. The September 55 call is currently the most active strike, and all of the 5,000-plus contracts trading here have done so at the ask price. Volume exceeds open interest, and data from the International Securities Exchange (ISE) confirms that at least some of the calls are being purchased to open, as traders bet on a healthy advance from the shares over the next several months. Citigroup Inc (NYSE:C) stock opened at $48.12 in last session, and closed at $47.98, while the day range of C stock is $47.76-$48.14. The stock showed a positive weekly performance of -2.91%.
AT&T Inc. (NYSE: T) saw its short interest rise 3.2% to 176.57 million shares, about 3.4% of the stock’s float. Days to cover is five. The company’s continuing battle with T-Mobile has turned into an old-fashioned price war, and while AT&T can certainly hold out longer than T-Mobile, such a holdout will nevertheless be costly. The stock closed at $32.23 Tuesday, in a 52-week range of $31.74 to $39.00. Shares were up about 0.7% in the two weeks since the last report on short interest. AT&T Inc. (NYSE:T) stock opened at $32.55, in last session and closed at $32.38, by gained 0.47%. The 52 week range was $31.74-$39.00.Company’s market capitalization is $168.60 billion.
The other new dynamic comes from the accelerated move by EMC Corporation (NYSE:EMC) to funnel more traditional “Direct” business to the channel that creates additional pressure for mind-share at these VARs for NetApp. EMC Corporation (NYSE:EMC) stock gained 1.01% and finished the last session at $7.10. The EPS of the stock remained 1.34.Company’s market capitalization is $54.89 billion.
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) which has announced ordering machinery equipment that is worth approximately $17.80 million, will have its executives at the upcoming technology conference in Taiwan. The company announced that it will hold one-on-one meeting sessions with interested investors during the Bank of America Corp. (NYSE:BAC) conference dates. Participation in the said conference will be by invitation only and through registration. Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) stock opened the session at $16.77, and closed the session at $19.43.The 52 week range of the TSM stock remained $15.70-$20.30 and the day range was $18.77-$19.49.
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