MSC Industrial Direct (NYSE:MSM) shares saw unusually-high trading volume on Wednesday following a better than expected earnings announcement, Analyst RN reports. Approximately 751,652 shares traded hands during mid-day trading; an increase of 63% from the previous session’s volume of 459,838 shares.The stock last traded at $90.70 and had previously closed at $86.57. MSC Industrial Direct Co Inc (NYSE:MSM) shares after opening at $90.00 moved to $92.87 on last trade day and at the end of the day closed at $89.92. Company price to sales ratio in past twelve months was calculated as 2.18 and price to cash ratio as 115.45. MSC Industrial Direct Co Inc (NYSE:MSM) showed a positive weekly performance of 3.67%.
Investment analysts at Compass Point reduced their price target on shares of Arthur J. Gallagher & Co. (NYSE:AJG) from $55.00 to $53.00 in a note issued to investors on Wednesday, Stock Ratings Network.com reports. Compass Point’s target price points to a potential upside of 21.59% from the stock’s previous close. Arthur J. Gallagher & Co. (NYSE:AJG) shares advanced 1.58% in last trading session and ended the day on $44.28. AJG return on equity ratio is recorded as 14.50% and its return on assets is 4.50%. Arthur J. Gallagher & Co. (NYSE:AJG) yearly performance is 10.01%.
Mar 14, 2014 CORPBANCA (NYSE:BCA) announced that, as was previously mentioned during the Company’s last two conference calls (February 20th and March 5th, 2014), the transaction agreement and the shareholders agreement in connection with the Itau-CorpBanca merger transaction have been uploaded onto its website, which can be found at the following link: http://www.corpbanca.cl/storage/CB_IR_PA_Transactionagreements.pdf?tmp=0. CorpBanca (ADR) (NYSE:BCA) shares moved up 0.49% in last trading session and was closed at $18.63, while trading in range of $18.33-$18.70. CorpBanca (ADR) (NYSE:BCA) year to date performance is -8.36%.
Tech Data Corporation (Nasdaq:TECD) and Peak 10 announced a U.S. distribution agreement to provide Peak 10’s suite of Cisco Powered cloud and managed services to the Tech Data channel of solution providers. Peak 10’s diverse cloud offerings are now available through Tech Data’s TDCloud business unit in the company’s award-winning Solutions Store. The announcement was made in conjunction with Tech Data’s spring Channel Link event, being held this week at the Mohegan Sun in Connecticut. Tech Data Corp (NASDAQ:TECD) weekly performance is 3.58%. On last trading day company shares ended up $64.83. Tech Data Corp (NASDAQ:TECD) distance from 50-day simple moving average is 23.68%. Analysts mean target price for the company is $58.00.