Microvision Skyrocketed Over 83% (NOA, XRX, S, NVDA, MVIS)
North American Energy Partners Inc.(USA) (NYSE:NOA) shares soared 28.29% to $3.22 in the morning hour after the company announced that Martin Ferron will join the Company as President and Chief Executive Officer and a Director of the Board effective at the close of business on June 7, 2012. Mr. Ferron succeeds Rod Ruston who is retiring from the Company and the Board to return to his native Australia.
Xerox Corporation (NYSE:XRX) shares gained 2.97% to $7.28 in the morning hour. On Maay 24, 2012, the company’s board of directors declared a quarterly cash dividend of $4.25 per share on Xerox common stock. The dividend is payable on July 31, 2012 to shareholders of record on June 29, 2012. The board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock. The dividend is payable on July 1, 2012 to shareholders of record on June 15, 2012.
Sprint Nextel Corporation (NYSE:S) shares increased 0.57% to $2.63 in the early hour after the company announced today that it has entered into a new $1 billion credit facility with Deutsche Bank and a syndicate of other banks to finance equipment purchases from Ericsson for Network Vision. The borrowers under the secured credit facility are all of Sprint’s subsidiaries that currently guarantee Sprint’s revolving bank credit facility, and the obligations will be secured by a lien on the equipment purchased from Ericsson in connection with Network Vision and guaranteed by Sprint.
NVIDIA Corporation (NASDAQ:NVDA) shares increased 2.10% to $12.66 in the early hour. Experts at Needham & Company restated a “buy” rating on shares of NVIDIA in a research note to investors. Additionally, analysts at Nomura (NYSE:NMR) reiterated a “buy” rating on shares of NVIDIA in a research note to investors last week.
Microvision, Inc. (NASDAQ:MVIS) shares soared 83.73% to $2.26 in the morning hour. On May 23, 2012, the company announced that it has closed a $5 million financing with private investors that was announced on May 10, 2012. MicroVision received around $5 million from the sale of approx. 3.34 million shares of the company’s common stock and warrants to purchase a total of 1 million shares of the company’s common stock at an exercise price of $2.12 per share, exercisable for three years from issuance.