Novo Nordisk A/S (NYSE:NVO) [Trend Analysis] retains strong position in active trade, as shares scoring -4.44% to $41.80 in a active trade session, while looking at the shares volume, about 4.78 Million shares have changed hands in this session. Danish drug maker, Novo Nordisk reported that it plans to lay off some 1,000 employees globally to reduce operating costs because of “a challenging competitive environment, especially in its large U.S. market.”
One of the world’s leading makers of diabetes medicines says half the job cuts are predictable to be in Denmark. Copenhagen-based Novo Nordisk stated Thursday the job cutss will affect its research and development departments, headquarters staff functions and global commercial organization. Group CEO Lars Rebien Soerensen stated the job cutss are needed “for us to have a sustainable balance among income and costs,” adding the firm has “to previousitize investments.” The firm has institutional ownership of 10.00%, while insider ownership included 26.40%. NVO attains analyst recommendation of 3.00 with week’s performance of -8.27%. Investors looking additional ahead will note that the Price to next year’s EPS is 6.49%.
Shares of Cliffs Natural Resources Inc. (NYSE:CLF) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -6.98% to close at $5.86. Cliffs Natural Resources Inc. (CLF)reported that its employees represented by the United Steelworkers (USW) at its Tilden and Empire mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota ratified a new 3-year labor contract. The new contract is retroactively effective from October 1, 2015 through September 30, 2017 and covers about 2,000 USW-represented employees at Cliffs’ operations. The stock is going forward its fifty-two week low with 388.33% and lagging behind from its 52-week high price with -30.65%. CLF last month stock price volatility remained 5.44%.