Shares of Nokia Corporation (ADR) (NYSE:NOK) were higher this morning after a deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) received regulatory approval in China. WHAT’S NOTABLE: Nokia won approval from China’s Ministry of Commerce, the country’s competition authority, to sell its mobile phone business to Microsoft for EUR5.4B, or about $7.4B. In addition to China, Nokia and Microsoft have now received regulatory approvals from the U.S. Department of Justice, the European Commission and numerous other jurisdictions. Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.59 on last trade day and at the end of the day closed at $7.58. Company price to sales ratio in past twelve months was calculated as 0.85 and price to cash ratio as 3.92. Nokia Corporation (ADR) (NYSE:NOK) showed a positive weekly performance of 0.40%.
Shares of Actavis plc (NYSE:ACT) saw unusually large options trading on Tuesday. Stock investors acquired 8,830 call options on the stock, Analyst Ratings News reports. This is an increase of 288% compared to the average volume of 2,273 call options. Actavis plc (NYSE:ACT) shares fell -1.95% in last trading session and ended the day on $191.08. ACT return on equity ratio is recorded as -14.70% and its return on assets is -4.70%. Actavis plc (NYSE:ACT) yearly performance is 95.56%.
ServiceNow (NYSE:NOW) was upgraded by analysts at Evercore Partners from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $68.00 price objective on the stock, up from their previous price objective of $60.00. Evercore Partners’ price objective suggests a potential upside of 33.49% from the company’s current price. The analysts noted that the move was a valuation call. ServiceNow Inc (NYSE:NOW) shares moved down -0.16% in last trading session and was closed at $50.86, while trading in range of $50.26 – $52.25. ServiceNow Inc (NYSE:NOW) year to date (YTD) performance is -9.19%.
Nordic American Tanker Ltd (NYSE:NAT) said Monday that it has priced its previously announced underwritten public offering for 10 million shares. Because of strong demand the company agreed to upsize the offering to 12 million shares at a public offering price of $8.62 per share. Nordic American Tanker Ltd (NYSE:NAT) weekly performance is -13.53%. On last trading day company shares ended up $8.50. Nordic American Tanker Ltd (NYSE:NAT) distance from 50-day simple moving average (SMA50) is -16.35%. Analysts mean target price for the company is $8.98.