Oi SA (ADR) (NYSE:OIBR) on the daily charts has seen a fierce downtrend which has seen the stock close below all intermediate and long term supports. The stock saw some upward price movement but analysts believe that this might be just a dead cat bounce and traders should use this opportunity to sell the stock. The stock has fallen below its important daily moving averages which shows the weakness the stock has witnessed. Oi SA (ADR) (NYSE:OIBR) stock opened at $0.94 in last session, and closed at $1.05, while the day range of OIBR stock is $0.93 – $1.08. The stock showed a positive weekly performance of 12.30%.
US drugmaker Pfizer Inc (NYSE:PFE) has raised its offer for AstraZeneca Plc to 63 billion pounds ($106 billion), it said on Friday, adding that the British drugmaker was reviewing the proposal. Pfizer Inc (NYSE:PFE)’s pursuit of AstraZeneca to create the world’s biggest pharmaceuticals company – and cut its tax bill – comes amid a wave of deal-making in the healthcare sector. Pfizer Inc. (NYSE:PFE) stock opened at $31.02, in last session and closed at $30.75, by losing -1.28%. The 52 week range of PFE is $27.12 – $32.96. Company’s market capitalization is $ 196.19billion.
Drugstore chain retailer, Rite Aid Corporation (NYSE:RAD) saw the highest improvement in its monthly comparable store sales (comps) in about a decade with comps for the four weeks ended Apr 26, 2014 increasing 5.0%. This marked a significant turnaround in the company’s performance since the start of 2014.Rite Aid Corporation (NYSE:RAD) stock advanced 2.21% and finished the last session at $7.87. The EPS of the stock remained 0.22. Company’s market capitalization is $7.65billion.
General Electric Company (NYSE:GE) is trying to use its supply of overseas earnings to buy a French company. That means those profits will never return to the United States. They will not be reinvested here and the tax revenues will go elsewhere. This has been feared for a long time. General Electric Company (NYSE:GE) stock opened the session at $26.77, and closed the session at $26.68. The 52 week range of the GE stock remained $22.15 – $28.09 and the day range was $26.66 – $26.87.
Leave a Reply