Navigation device maker Garmin Ltd (NASDAQ:GRMN) reported a better-than-expected quarterly profit, helped by strong demand for aviation and fitness products, sending its shares up 8 percent before the bell. Garmin Ltd. (NASDAQ:GRMN) stock opened at $52.34 in last session, and closed at $51.68, while the day range of stock is $49.46 -$52.72. The stock showed a positive weekly performance of 14.18%.
China’s largest refiner, Sinopec, or China Petroleum & Chemical Corp(ADR) (NYSE:SNP) announced late Wednesday that it will divest stakes in its downstream marketing division and open it up to private investment, signaling the first major step the oil sector is taking toward carrying out the central government’s aim of involving more private capital in state-owned enterprises. China Petroleum & Chemical Corp (ADR) (NYSE:SNP) stock opened at $79.25, in last session and closed at $83.51, by gaining 8.43%. The 52 week range of the stock is $64.76 -$90.88. Company’s market capitalization is $97.34 billion.
Mylan, Inc. (NASDAQ:MYL) declared that its subsidiary Agila Specialties Private Limited is conducting a voluntary nationwide recall to the hospital/user level of 10 lots of Etomidate Injection 2 mg/mL – 10 mL and 20 mL (see lot breakdown below). Mylan Inc (NASDAQ:MYL) stock advanced 5.90% and finished the last session at $51.15. The EPS of the stock remained 1.52. Company’s market capitalization is $19.58 billion.
Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced plans to present at the Stifel Nicolaus 2014 Industrials Conference in New York City on Thursday, February 27, 2014 beginning at 10:20am Eastern time. Presenting at the conference for Flowserve is Michael Taff, senior vice president, chief financial officer. Flowserve Corporation (NYSE:FLS) stock opened the session at $76.67, and closed the session at $80.60. The 52 week range of the stock remained $50.00 – $82.02 and the day range was $76.67 – $82.02.