Stocks Crossing 50-Day SMA 11/14: (FB) (FRO) (SPLS) Above; (CIM) (BAC) (NOK) Below
- Top 10 News for 8/24 - 8/28: Markets Volatile on Continued China Worries; Revised Q2 GDP Outpaces; Facebook Hits User Activity Milestone
- Wall Street ends flat in quiet end to dramatic week
- Carl Icahn files 13D on Freeport-McMoran (FCX)
- Autodesk (ADSK) Tops Q2 EPS by 2c; Issues Light Q3 Outlook
- Fed says rate hike next month hinges on market volatility
Crossing and above:
Crossing and below:
- Facebook (Nasdaq: FB) - up 11.5 percent. Shrugging off a massive lock-up expiration today as investors continue to see better things for the social networking giant in the future. Click here for a little more confidence.
- Frontline (NYSE: FRO) - up 18.6 percent. Moving higher amid Overseas Shipholding (NYSE: OSG) filing for bankruptcy, as at least one firm sees VLCC rates moving higher. For more color, click here.
- Staples, Inc. (Nasdaq: SPLS) - up 2.2 percent. Beat Q3 EPS expectations by 1 cent, though revs of $6.35 billion were a little light..
Crossing and below:
- Chimera Investment (NYSE: CIM) - down 5.6 percent. Said it would be filing its 10-Q late. For more color, click here.
- Bank of America Corp. (NYSE: BAC) - down 3.9 percent. BofA on a three-session slide amid commencing a tender offer for MBIA (NYSE: MBI) debt on Tuesday. Overall, financials are mixed on the session.
- Nokia (NYSE: NOK) - down 1.1 percent. Seeing a little pressure following new data out of Gartner that the mobile phone giant slipped to 7th place from 3rd in terms of total smartphone sales. For more, click here.
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Related EntitiesBank of America, Bankruptcy, Stocks crossing the 50-day simple moving average
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