A Texas company is asking the U.S. Supreme Court to overrule a Fifth Circuit decision that cut short its fraud suit against Avery Dennison Corp (NYSE:AVY) and Renner Otto Boisselle & Sklar LLP stemming from a licensing deal involving a rejected application for a personalized stamp patent. San Antonio-based USPPS Ltd. says in its petition for certiorari the appellate panel wrongly held its claims were time-barred. It argues that it didn’t discover the alleged fraud until after it had filed a breach of fiduciary duty suit against the law firm and Avery, which had licensed patent rights for the personalized postage owned by USPPS. Avery Dennison Corp (NYSE:AVY) stock opened today at $50.97 and is currently trading at $51.16. The stock showed a negative weekly performance of -0.76%.
For decades, Pitney Bowes Inc. (NYSE:PBI)’ postage machines helped companies deliver information to their customers via the mail. Now, Pitney Bowes wants to help those same companies tap their Big Data to understand customers as they never have before. The latest edition of its Spectrum technology platform, unveiled Wednesday, features graphical database technology. Pitney Bowes Inc. (NYSE:PBI) stock opened at $25.76, in current trading session and currently is at $25.55, by gaining 25.55. The 52 week range of $13.12 – $26.63. Company’s market capitalization is $5.18 billion.
HNI Corp. (NYSE:HNI) EVP Bradley Determan sold 24,000 shares of HNI Corp. stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $36.20, for a total value of $868,800.00. Following the sale, the executive vice president now directly owns 28,139 shares of the company’s stock, valued at approximately $1,018,632. HNI Corp (NYSE:HNI) stock opened at $35.28 and currently trading at $34.56. The EPS of the stock is 1.38. Company’s market capitalization is $1.56 billion.
VeriFone Systems (NYSE:PAY)’s share price traded up 11.1% during trading on Wednesday following a stronger than expected earnings report, Analyst Ratings.Net reports. The company traded as high as $32.94 and last traded at $32.49, with a volume of 7,393,654 shares traded. The stock had previously closed at $29.25. VeriFone Systems Inc (NYSE:PAY) stock opened the session at $33.15, and now is at $33.03. The 52 week range of the PAY stock remained $15.34 – $34.03 and the day range was $32.77 – $34.03.