NewLead Holdings Ltd. (NASDAQ:NEWL) announced that a 1-for-50 reverse stock split of its common shares has been approved by the Company’s Board of Directors and by written consent of a majority of NewLead’s shareholders, in order for the Company to maintain its compliance with the minimum bid price requirement of $1.00 per share for continued listing on the NASDAQ Global Select Market (“NASDAQ”). The reverse split will be effective upon the commencement of trading. NewLead Holdings Ltd (NASDAQ:NEWL) weekly performance is -79.01%. On last trading day company shares ended up $0.630. NewLead Holdings Ltd (NASDAQ:NEWL) distance from 50-day simple moving average (SMA50) is -98.94%.
Jeff Gardner, president and chief executive officer of Windstream Holdings, Inc. (NASDAQ:WIN) will speak at 2:20 p.m. CDT on Tuesday, May 20 at the 42nd Annual J.P. Morgan Global Technology, Media and Telecom Conference in Boston. Windstream Holdings, Inc. (NASDAQ:WIN) shares fell -1.99% in last trading session and ended the day on $9.37. Gross Margin is 55.30% and its return on assets is 1.70%. Windstream Holdings, Inc. (NASDAQ:WIN) quarterly performance is 22.01%.
Investment analysts at Nomura assumed coverage on shares of Fifth Third Bancorp (NASDAQ:FITB) in a note issued to investors on Wednesday,TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $23.00 price target on the stock. Nomura’s target price suggests a potential upside of 14.09% from the stock’s previous close. Fifth Third Bancorp (NASDAQ:FITB) shares moved down -0.64% in last trading session and was closed at $20.03, while trading in range of $19.83 – $20.20. Fifth Third Bancorp (NASDAQ:FITB) year to date (YTD) performance is -4.25%.
American Realty Capital Properties, Inc. (NASDAQ:ARCP) announced its entry into an approximate $1.5 billion sale-leaseback transaction for over 500 Red Lobster restaurant properties. This transaction will be consummated in conjunction with Golden Gate Capital’s (“GGC”) acquisition of Red Lobster from Darden Restaurants, Inc. Red Lobster is the leading operator of seafood restaurants, with high-quality real estate located at main intersections in strong markets. American Realty Capital Properties Inc (NASDAQ:ARCP) ended the last trading day at $13.10. Company weekly volatility is calculated as 1.78% and price to cash ratio as 274.85. American Realty Capital Properties Inc (NASDAQ:ARCP) showed a negative weekly performance of -0.15%.
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