Under Armour Jumps 2-1 Stock Split Announcement (UA, ES, UTX, UNH)

Posted by on Jun 11, 2012

Under Armour Jumps 2-1 Stock Split Announcement (UA, ES, UTX, UNH)

Under Armour Inc (NYSE:UA) jumped over 1% in the pre –market session after the company announced that its Board of Directors has approved a two-for-one stock split of its outstanding common stock. The stock split will be effected in the form of a dividend of one share of Class A Common Stock for each share of Class A Common Stock outstanding and one share of Class B Common Stock for each share of Class B Common Stock outstanding.

The additional shares issued as a result of the stock split will be distributed on or about July 9, 2012 to stockholders of record on June 25, 2012.

EnergySolutions, Inc. (NYSE:ES) slumped 6.70% to $3.35 after the company said that it has appointed David Lockwood, a seasoned operating executive and current Board member, as Chief Executive Officer and President of the Company. Mr. Lockwood succeeds Val John Christensen, who will remain a strategic advisor to the Company.

The change is effective immediately. Mr. Lockwood has served as a member of the Company’s Board of Directors since November 3, 2010 and will continue to serve on the Board.

United Technologies Corporation (NYSE:UTX) offers to sell assets to persuade the EU to OK the conglomerate’s $16.5B purchase of Goodrich Corporation (NYSE:GR), Reuters reports, although there’s no word on what those assets are. The EU has expressed concern about the markets for engine controls, AC power generators, fuel nozzles and aftermarket services. Shares of UTX are up marginally in the pre-market session.

UnitedHealth Group Inc. (NYSE:UNH) shares jumped 0.86% to $58.50 in the pre-market session. The company starts offering many of the benefits mandated by Obamacare and will continue to do so even if the Supreme Court voids some or all of the Act. The reason for the policy is that it’s not that expensive, and customers can, for example, keep their children on their health plans until age 26. However, they’ll still be no coverage for children with pre-existing conditions.

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