Short Call at News Buzzer: Bank of America (NYSE:BAC), Intrepid Potash (NYSE:IPI)

Several matter pinch shares of Bank of America Corporation (NYSE:BAC) [Trend Analysis], as shares plunging -0.55% to $25.18 with a share volume of 114.23 Million. The Local Initiatives Support Corporation (LISC) revealed reported a $3.8 million grant from the Bank of America Charitable Foundation to support programs focused on reviving local economies, including efforts to help residents build employment skills required to compete for middle-class jobs. As part of a broad effort to connect low-income residents to new economic opportunities, LISC is working with Bank of America to promote business and job growth in disinvested areas.

“The health of our communities rests squarely on the well-being of the people who live there,” noted Maurice Jones, LISC president and CEO. “This grant provides vital operating capital to help attract grocery stores, health centers and manufacturers to areas undergoing transformation, while also supporting efforts to increase neighborhood safety and provide families with tools to build a more stable financial future.” The stock is going forward its 52-week low with 111.36% and moving down from its 52-week high price with -2.40%. To have technical analysis views, debt to equity ratio of 1.70. The float short ratio was 1.03%, as compared to sentiment indicator; Short Ratio was 1.13.

Intrepid Potash, Inc. (NYSE:IPI) [Trend Analysis] luring active investment momentum, shares a decrease -0.70% to $1.42. Intrepid Potash Inc. (IPI) reported that that it has commenced an underwritten public offering of shares of its common stock. The net proceeds from this offering are expected to be used to partially repay indebtedness outstanding under Intrepid`s senior notes and for general corporate purposes.

Intrepid intends to grant the underwriter a 30-day option to purchase additional shares of common stock at the public offering price. Cantor Fitzgerald & Co. is acting as the sole book-running manager of this offering. The total volume of 1.96 Million shares held in the session was surprisingly higher than its average volume of 1695.20 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 87.30%, and looking further price to next year’s EPS is 31.20%. While take a short look on price to sales ratio, that was 0.59.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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