eBay Inc. (NASDAQ:EBAY) fell 0.47% to $29.68. The company announced
it has reached a definitive agreement to acquire all of the shares of
brands4friends, Germany’s online shopping club for fashion and lifestyle, for
cash at a transaction value of approximately USD200 million (EUR150 million).
The stock
has average daily volume of 13.26 million shares. At current market price, the
market capitalization of the company stands at $38.69 billion.
AT&T Inc. (NYSE:T) slid 0.45% to $29.08. AT&T Inc.
and QUALCOMM Inc. announced that AT&T has agreed to purchase spectrum
licenses in the Lower 700 MHz frequency band from Qualcomm for $1.925 billion.
The move will bolster AT&T's ability to provide an advanced 4G mobile
broadband experience for its customers in the years ahead.
The stock is
up more than 3% year-to-date.
Sara Lee Corp. (NYSE:SLE) added 1.39% to $17.50. Sara Lee
Corporation is a global manufacturer and marketer of brand-name products for
consumers throughout the world focused primarily on the meats, bakery, beverage
and household products categories.
The median
Wall Street price target on the stock is $17 and the high target is set at $19.
The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $15.31
and $14.69 respectively.
ABOUT We Pick Penny Stocks
Wepickpennystocks provide Stock Newsletter on various hot stocks of the day. To make best stock investment you need up to date stock market information. We provide alerts onpenny stock and other hot stocks of the day. Our stock news will help you gain insight into the stock trading so that you can make maximum profit.
Disclaimer:
The assembled information disseminated by wepickpennystocks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. wepickpennystocks.com does expect that investors will buy and sell securities based on information assembled and presented in wepickpennystocks.com. Please always do due diligence and consult a financial advisor.