Home / Tech & Systems / Mix Cap Volatile Mover: Verizon Communications (NYSE:VZ), Baker Hughes (NYSE:BHI)

Mix Cap Volatile Mover: Verizon Communications (NYSE:VZ), Baker Hughes (NYSE:BHI)

Verizon Communications Inc. (NYSE:VZ) tries to make charm in street, as shares traded at $49.92 with drops of -0.68% in last trading session. Verizon Communications (VZ) reported that it is pressing for a $1 billion (roughly Rs. 6,685 crores) discount off its pending $4.8 billion contract to buy Yahoo, the New York Post reported, citing sources.

The Yahoo accord team is pushing back hard against any attempts to negotiate the price down, the paper stated. Last month Yahoo stated at least 500 million of its accounts were hacked in 2014 and in a statement Verizon stated it had been made aware of the breach immediately but had limited information about the matter. The firm has yearly sales growth for the past five year of 4.30%. While past twelve months price to sales ratio recorded as 1.57 and price to cash ratio remained 71.71.

Why Verizon Communications Inc. entered oversold zone following this report? Find Out Here Totally Free

Baker Hughes Incorporated (NYSE:BHI) was amid the mix trends movers as shares shows upbeat performance increased 1.05% to $52.84. Oilfield services provider, Baker Hughes Inc. (BHI) released on Friday that worldwide rig count for the month of September 2016 of 1,584 declined by 587 from previous year’s 2,171, but surged by 37 from the preceding month of August 2016.

International rig count for September 2016 was 934, down 206 from previous year and down 3 from August. The international offshore rig count for the month was 221, down 47 from the same month previous year. The average U.S. rig count was 509, down 339 from previous year, but up 28 from the month of August. The average Canadian rig count declined 42 from the previous year. The stock outstanding shares were 438.00. Having a prescribed look on price to sales ratio, that was 1.89.

How Baker Hughes Incorporated dominated Wall Street through eye-catching trend? Read Considerable Report Here


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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