Unusual Volume At NYSE: Box Ships (NYSE:TEU), Tenaris(NYSE:TS), Cabot Oil & Gas (NYSE:COG), Sumitomo Mitsui Financial Grp (NYSE:SMFG)

Posted by on Apr 11, 2014

Box Ships Inc. (NYSE:TEU) announced that it has priced its public offering of 5,000,000 units consisting of its common shares and warrants at $2.05 per unit. Each unit consists of one common share and a warrant to purchase 0.40 common shares. Box Ships Inc (NYSE:TEU) shares after opening at $1.93 moved to $1.98 on last trade day and at the end of the day closed at $1.90. Company price to sales ratio in past twelve months was calculated as 0.68 and price to cash ratio as 3.90. Box Ships Inc (NYSE:TEU) showed a negative weekly performance of -19.49%.

Tenaris S.A. Sponsored ADR’s (NYSE:TS) rating falls to a D (“sell”) this week, down from C (“hold”) the week prior. Tenaris manufactures and supplies steel pipe products and related services for the world’s energy industry. Tenaris S.A. (ADR) (NYSE:TS) shares fell -1.38% in last trading session and ended the day on $44.21. TS return on equity ratio is recorded as 12.80% and its return on assets is 9.40%. Tenaris S.A. (ADR) (NYSE:TS) yearly performance is 7.83%.

A Logan County man is suing Cabot Oil & Gas Corporation (NYSE:COG), claiming they created landslide conditions on his property. David Hicks filed a lawsuit March 17 in Logan Circuit Court against Cabot Oil & Gas Corporation (NYSE:COG) and Randall Rexroad, citing negligence, breach of contract, trespass, nuisance and misrepresentation. Cabot Oil & Gas Corporation (NYSE:COG) shares moved down -4.66% in last trading session and was closed at $32.50, while trading in range of $32.17-$33.75. Cabot Oil & Gas Corporation (NYSE:COG) year to date performance is -16.11%.

Japan’s Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) is in preliminary talks withRoyal Bank of Scotland Group RBS.LN -0.87% PLC about buying RBS’s U.S. retail bank, according to people familiar with the discussions. It would be one of the largest bank takeovers since the financial crisis and underline Japanese companies’ interest in expanding in the U.S. Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) weekly performance is -8.56%. On last trading day company shares ended up $8.01. Sumitomo Mitsui Financial Grp, Inc.(ADR) (NYSE:SMFG) distance from 50-day simple moving average is -10.45%. Analysts mean target price for the company is $11.51.

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