Citigroup Inc (NYSE:C) won a major relief on 4th June when a Federal appeals court ruled that the trail judge had overstepped his conferred authority, when in 2011, he had summarily rejected a $285 million settlement deal which had been arrived at between the Securities and Exchange Commission and the lawyers of Citigroup Inc (NYSE:C) with respect to allegations of promoting toxic mortgage deals at the expense of investor interest. Citigroup Inc (NYSE:C) stock opened today at $48.70 and is currently trading at $48.81. The stock showed a positive weekly performance of 2.86%.
Abraxas Petroleum Corp. (NASDAQ:AXAS) was a big mover last session, as the company saw its shares rise over 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session, according to Zack. Abraxas Petroleum Corp. (NASDAQ:AXAS) stock opened at $ 5.30, in current trading session and currently is at $5.38, by gaining 2.87%. The 52 week range of the stock is $2.01 – $5.80. Company’s market capitalization is $504.63 million.
On June 4, A pathetic first quarter and a myopic earnings guidance resulted in Molycorp Inc (NYSE:MCP)’s share price sliding down the avalanche, in May 2014. The company reported losses of 29 cents/share – greater than the losses of 17 cents/share in Q1-2013. Net volumetric sales in Q1-2014 were 3,518 metric tons, increasing from 3,274 metric tons, recorded in 2013 during the same quarter. However, net average sales price reduced by 24.6%, amounting to $33.69 -per-kilogram, during the FY 2013-14. Revenues too dropped 18%, to $118.5 million, YoY. Molycorp Inc (NYSE:MCP) stock is currently trading at $2.69. The EPS of the stock is -2.16. Company’s market capitalization is $658.28 million.
Halcon Resources Corp (NYSE:HK) had its target price boosted by Wunderlich from $7.00 to $9.00 in a report issued on Thursday. They currently have a buy rating on the stock. Halcon Resources Corp (NYSE:HK) stock opened the session at $6.39, and now is at $6.35. The 52 week range of the stock remained $.16 – $6.47 and the day range was $6.32 – $6.47.
Baker Hughes Incorporated (NYSE:BHI) VP Derek Mathieson sold 52,126 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $70.12, for a total value of $3,655,075.12. Following the completion of the sale, the vice president now directly owns 27,075 shares in the company, valued at approximately $1,898,499. Baker Hughes Incorporated (NYSE:BHI) stock opened today at $71.17 and is currently trading at $71.51. The stock showed a positive weekly performance of 0.31%.