NYSE Stocks Touching New Lows: China Mobile (NYSE:CHL), China Unicom (NYSE:CHU), Transocean LTD (NYSE:RIG), Alpha Natural Resources (NYSE:ANR)

Posted by on Mar 13, 2014

China Mobile Ltd. (ADR) (NYSE:CHL) is seeing unusual option volume — nearly quintupling normal levels — and more than 93% of yesterday trades have crossed on the call side. Meanwhile, the shares have lost 1.2% to perch at $45.11, after earlier pegging a new two-year low of $44.80.  China Mobile Ltd. (ADR) (NYSE:CHL) stock opened at $45.20 in last session, and closed at $45.25, while the day range of CHL stock is $44.80-$45.26.The stock showed a negative weekly performance of -5.04%.

The 4G strategies of China’s 2 smaller telcos are starting to emerge under an unusual hybrid scheme being rolled out by the nation’s telecoms regulator, and the path being pursued by China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) certainly doesn’t look encouraging. Both Unicom and China Telecom (CHA) have been given the nod to launch commercial 4G service using a homegrown standard known as TD-LTE, even though both plan to build their main networks using a more globally tested technology technology called FDD-LTE. But whereas China Telecom is making minimal investment in TD-LTE, Unicom seems intent on wasting billions of dollars, with word that it has awarded contracts to 8 companies to start construction of a network based on the technology.  China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) stock opened at $12.09, in last session and closed at $12.02, by loosed -3.76%.The 52 week range was $11.92-$17.19. Company’s market capitalization is $28.54 billion.

Earnings of Transocean LTD (NYSE:RIG) may hurt in the short-term due to the ongoing over-supply of rigs. Slowing rig demand will continue for all of 2014. Transocean LTD (NYSE:RIG) stock loosed -2.14% and finished the last session at $40.79. The EPS of the stock remained 3.87. Company’s market capitalization is $14.72 billion.

The Alpha Natural Resources, Inc. (NYSE:ANR) on Mar. 6 agreed to pay a $27.5 million fine and spend about $200 million to implement wastewater treatment systems under a proposed settlement with the U.S. government over toxic discharges from its mines in five states. Alpha and 66 subsidiaries will install and operate treatment systems and implement systemwide upgrades to reduce discharges of pollution from coal mines in Kentucky, Pennsylvania, Tennessee, Virginia and West Virginia, under the accord filed in federal court in Charleston, West Virginia. Alpha Natural Resources, Inc. (NYSE:ANR) stock opened the session at $4.40, and closed the session at $4.43.The 52 week range of the ANR stock remained $4.33-$9.05 and the day range was $4.33-$4.58.

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