Home / Business / Concerns Diverting Active Stocks Direction: Jacobs Engineering Group (NYSE:JEC), TELUS Corporation (NYSE:TU)

Concerns Diverting Active Stocks Direction: Jacobs Engineering Group (NYSE:JEC), TELUS Corporation (NYSE:TU)

Shares of Jacobs Engineering Group Inc. (NYSE:JEC) [Trend Analysis] runs in leading trade, it surging 4.00% to traded at $61.69. The firm has price volatility of 2.45% for a week and 2.57% for a month. Its beta stands at 1.66 times. Jacobs Engineering Group Inc. (JEC) reported that it has attained a single-award contract from the U.S. Army Corps of Engineers New England District or USACE NAE, to provide environmental remediation and restoration, technical support and facility maintenance at the New Bedford Harbor Superfund Site in New Bedford, Massachusetts.

Jacobs has supported NAE in this capacity at the site since early 2004. The indefinite delivery/indefinite quantity or ID/IQ remedial action contract has a capacity value of $350 million. Jacobs noted that New Bedford Harbor, home to a large commercial fishing fleet, is one of the oldest recreational and commercial navigation harbors along the East Coast of the United States. Narrow down four to firm performance, its weekly performance was 5.22% and monthly performance was 22.33%. The stock price of JEC is moving up from its 20 days moving average with 13.99% and isolated positively from 50 days moving average with 18.26%.

Several matter pinch shares of TELUS Corporation (NYSE:TU) [Trend Analysis], as shares surging 0.38% to $31.31 with a share volume of 583658. Following a series of ratification meetings, the Telecommunications Workers Union, United Steelworkers Local 1944 (TWU) membership has agreed a new collective contract negotiated amidTELUS and the TWU. Over 68 per cent of TELUS team (NYSE:TU) members who cast their ballots at ratification meetings across Canada voted to accept the new contract. The new contract covering about 10,500 TELUS team members nationally will take effect on November 27, 2016 and expire on December 31, 2021. “Our team is happy by this positive outcome, which represents the best interests of TELUS, our team members and our consumers,” stated Darren Entwistle, President and CEO of TELUS.

“The ratification of this contract enables us to continue advancing our growth strategy and focusing on our number one previousity of putting consumers first.” The stock is going forward its 52-week low with 32.91% and moving down from its 52-week high price with -7.37%. To have technical analysis views, liquidity ratio of a firm was calculated 0.60 as evaluated with its debt to equity ratio of 1.52. The float short ratio was 0.62%, as compared to sentiment indicator; Short Ratio was 20.57.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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