Microsoft Corporation (NASDAQ:MSFT) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.03% to close at $52.12 with the total traded volume of 24.18 Million shares. Microsoft (MSFT) to cut 1,850 jobs to streamline smartphone hardware business. Microsoft announced plans to streamline the company’s smartphone hardware business, which will impact up to 1,850 jobs. As a result, the company will record an impairment and restructuring charge of $950 million, of which $200 million will relate to severance payments.
Microsoft anticipates this will result in the reduction of up to 1,350 jobs at Microsoft Mobile Oy in Finland, as well as up to 500 additional jobs globally. Employees working for Microsoft Oy, a separate Microsoft sales subsidiary based in Espoo, are not in scope for the planned reductions. As a result of the action, Microsoft will record a charge in the fourth quarter of fiscal 2016 for the impairment of assets in its More Personal Computing segment, related to these phone decisions. The firm has institutional ownership of 73.70%, while insider ownership included 2.60%. Its price to sales ratio ended at 4.69. MSFT attains analyst recommendation of 2.30 with week performance of 2.58%.
WPX Energy, Inc. (NYSE:WPX) [Trend Analysis] moved up reacts as active mover, shares an advance 4.46% to traded at $10.30 and the percentage gap between open changing to regular change was 1.32%. WPX Energy (WPX) reported that it has signed contract to purchase remaining transportation obligations that supported its prior operating presence in the Piceance Basin for approximately $239 million. Upon closing, WPX will release all of its Piceance-related firm transportation capacity across four interstate pipeline systems to Citadel NGPE, LLC.
The buyout eliminates approximately $164 million in letters of credit and their associated annual interest expenses, and releases WPX from nearly $400 million in demand obligations from 2016 through 2032. The firm’s current ratio calculated as 1.50 for the most recent quarter. The firm past twelve months price to sales ratio was 1.86 and price to cash ratio remained 258.53. As far as the returns are concern, the return on equity was recorded as -46.80% and return on investment was -22.70% while its return on asset stayed at -20.50%. The firm has total debt to equity ratio measured as 0.96. The firm has 20-Day Simple Moving Average has
Lockheed Martin Corporation (NYSE:LMT) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.05% to $240.84. Lockheed Martin (LMT) reported that it will provide U.S. Navy the latest advancements in sonar systems under a contract valued at up to $425 million for guidance and control systems for the MK 48 Mod 7 torpedo, part of a five-year effort to increase the inventory of the MK 48 Mod 7 heavyweight torpedoes for the submarine fleet.
The Lockheed Martin guidance and control systems will equip the heavyweight torpedoes with increased bandwidth and streamlined targeting and tracking capabilities. These systems will increase the MK 48’s effectiveness and provide advanced counter-measure capabilities. The share price of LMT attracts active investors, as stock price of week volatility recorded 0.77%. The stock is going forward to its 52-week low with 35.37% and lagging behind from its 52-week high price with -1.85%.