The Rosen Law Firm, P.A. announces it is investigating potential civil securities claims against 500.com Ltd (NYSE:WBAI) resulting from allegations that the Company may have issued materially inaccurate statements about the Company’s true financial condition and prospects. a published report indicated that online sports lottery sales in China are illegal without prior authorization and the China Sports Lottery Administration Center (the “CSLAC”) publicly stated it had not authorized any sports lottery websites. The report asserts that this directly contradicts 500.com’s filings with the U.S. Securities and Exchange Commission stating that it was previously approved to sell sports lottery products online on behalf of the CSLAC in China. Consequently, 500.com’s business may be subject to suspension. 500.com Ltd (NYSE:WBAI) net profit margin is 7.10% and weekly performance is -6.00%. On last trading day company shares ended up $30.53. Analysts mean target price for the company is $33.50. 500.com Ltd (NYSE:WBAI) distance from 50-day simple moving average (SMA50) is -21.72%.
CenturyLink, Inc. (NYSE:CTL) reported strong operating revenues, operating cash flow and free cash flow for first quarter 2014. CenturyLink, Inc. (NYSE:CTL) shares advanced 6.38% in last trading session and ended the day on $36.86. Gross Margin is 58.60% and its return on assets is -0.50%. CenturyLink, Inc. (NYSE:CTL) quarterly performance is 32.49%.
Assured Guaranty Ltd (NYSE:AGO) announced that Ms. Yukiko Omura has been elected as an independent director to its Board of Directors. Ms. Omura will also serve on the Board’s Finance Committee and Risk Oversight Committee. Assured Guaranty Ltd. (NYSE:AGO) shares moved up 6.42% in last trading session and was closed at $25.52, while trading in range of $24.26 – $25.71 -. Assured Guaranty Ltd. (NYSE:AGO) year to date (YTD) performance is 8.69%.
Walter Investment Management Corp. (NYSE:WAC) announced financial results for the quarter ended March 31, 2014, as well as updates on operational highlights and recent developments for the Company. The Company reported GAAP net income for the first quarter of 2014 of $17.4 million, or $0.45 per diluted share, compared to net income of $27.7 million, or $0.73 per diluted share, in the first quarter of 2013. Walter Investment Management Corp (NYSE:WAC) ended the last trading day at $29.13. Company weekly volatility is calculated as 7.10 % and price to cash ratio as 2.23. Walter Investment Management Corp (NYSE:WAC) showed a positive weekly performance of 9.59%.
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