Unusual volume provides reliable clues that the stock is expected to make a move. Investors can use the put/call ratio statistics to measure trader sentiment. A high put/call ratio suggests that the overall investment sentiment is bearish and that investors expect the underlying stock to decrease in value. Conversely, a low put/call ratio implies that investor sentiment is bullish based on the large amount of call options. Cemex SAB de CV (ADR) (NYSE:CX) is a leading global producer of cement, ready-mix concrete, and aggregates. In 2010, the company sold 65.6 million metric tons of cement, 51.0 million cubic meters of ready-mix concrete, and 158.5 million metric tons of aggregates. In 2010, 34% of revenue was generated in Europe, 24% in Mexico, 18% in the United States, 10% in the rest of the Americas, 7% in Africa and the Middle East, and 4% in Asia. Cemex SAB de CV (ADR) (NYSE:CX) shares after opening at $13.04 moved to $14.36 on last trade day and at the end of the day closed at $13.58. Company price to sales ratio in past twelve months was calculated as 1.03 and price to cash ratio as 13.39. Cemex SAB de CV (ADR) (NYSE:CX) showed a positive weekly performance of 8.12%.
Late Thursday night Genco Shipping & Trading Limited (NYSE:GNK) announced it had reached “a restructuring agreement with a majority of lenders that gives it a road map for a Chapter 11 bankruptcy reorganization,” Bloomberg reported. The deal includes the conversion of a 2007 credit line into 81.1% of the equity in the company once it is restructured. The $125 million of convertible securities the company has would be switched out for 8.4% of the equity, according to a Genco regulatory filing.Genco Shipping & Trading Limited (NYSE:GNK) shares advanced 26.80% in last trading session and ended the day on $1.94. GNK return on equity ratio is recorded as -22.10% and its return on assets is -7.90%. Genco Shipping & Trading Limited (NYSE:GNK) yearly performance is -26.52%.
SYNNEX Corp. (NYSE:SNX) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.34-1.38 for the period, compared to the Thomson Reuters consensus estimate of $1.13, American Banking & Market News reports. The company issued revenue guidance of $3.1-3.2 billion, compared to the consensus revenue estimate of $2.94 billion. SYNNEX Corporation (NYSE:SNX) shares moved up 23.26% in last trading session and was closed at $76.94, while trading in range of $74.00-$79.44. SYNNEX Corporation (NYSE:SNX) year to date performance is 14.15%.
Homex Development Corp. (ADR) (NYSE:HXM) announced that it is in discussions with an affiliate of Zell Credit Opportunities Fund (ZCOF) to provide secured financing. The financing will be comprised of (i) a project development tranche of up to Ps.1.8 billion to fund construction of over 8,000 new homes and (ii) a working capital tranche of up to Ps.300 million for general corporate purpoDesarrolladora Homex S.A.B. de C.V. (NYSE:HXM). The specific funding that Homex will receive, as well as the agreement to fund, are subject to definitive documentation and satisfaction of certain funding conditions. The loans will each have a three year tenor and Homex will have the option to extend the maturity date twice, each for a one year period. Additional information on the agreement will be disclosed by the Company once the definitive documents are signed and the funding conditions are satisfied. Homex Development Corp. (ADR) (NYSE:HXM) weekly performance is -3.42%. On last trading day company shares ended up $1.41. Homex Development Corp. (ADR) (NYSE:HXM) distance from 50-day simple moving average is -13.24%. Analysts mean target price for the company is $3.04.
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