Verizon Communications Inc. (NYSE:VZ) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 0.90% to 49.58 with about 11.83 Million shares have changed hands in this session. Verizon Chief Executive Lowell McAdam warned the firm is struggling to keep up with demand for new hookups during its labor problems with unions. “We’re doing a lot of installations but we’re not doing the same volume as we were before.” Network technicians and consumer service representatives in the firm’s Fios Internet, telephone and television services units walked off the job on April 13 in one of the largest U.S. strikes in recent years. The action was called by the Communications Workers of America and the International Brotherhood of Electrical Workers.
The wireless and broadband provider has “pushed off” new Fios service installations as a result of the strike, McAdam stated at the J.P Morgan Technology, Media and Telecom conference in Boston. “We’re doing a lot of installations but we’re not doing the same volume that we had before,” Lowell stated. “So we won’t be driving same numbers in q2 that we would in first from an installation perspective.” The stock is going forward its fifty-two week low with 34.99% and lagging behind from its 52-week high price with -8.05%.
Likewise the positive performance for the quarter recorded as -1.41% and for the year was 5.19%, while the YTD performance remained at 9.74%. VZ has Average True Range for 14 days of 0.70.
Shares of DeVry Education Group Inc. (NYSE:DV) [Trend Analysis] swings enthusiastically in regular trading session, it a gain of 3.43% to close at $20.20. The DeVry Education Group (DV) reported that Lisa Wardell has been appointed CEO of DeVry Group, effective May 24. Wardell was most recently executive vice president and chief operating officer of the RLJ Companies. Wardell has been a member of the DeVry board since 2008. Lisa Wardell succeeds Daniel Hamburger, who is leaving DeVry to pursue other opportunities.
Coca-Cola Enterprises Inc. (CCE) stated that its shareowners have agreed the pending transaction to create Coca-Cola European Partners plc. CCE shareowner authorization represents a key step in the process of completing the transaction. A Eu listing prospectus is predictable to be finalized on or about May 25, 2016, and closing is predictable to occur on or about May 28, 2016. The stock is going forward its fifty-two week low with 27.77% and lagging behind from its 52-week high price with -40.45%. DV last month stock price volatility remained 4.04%.
Mines Management, Inc. (NYSEMKT:MGN) [Trend Analysis] retains strong position in active trade, as shares scoring 32.28% to $0.84 in a active trade session, while looking at the shares volume, about 3.78 Million shares have changed hands in this session. Rigrodsky & Long, P.A. reported that it is investigating potential legal claims against the bodof Mines Management, Inc. (NYSEMKT:MGN) regarding possible breaches of fiduciary duties and other infringement of law related to the Firm’s entry into an contract to be takeoverd by Hecla Mining Firm (NYSE: HL). Under the terms of the contract, shareholders of Mines Management will receive 0.2218 shares of Hecla for each share of Mines Management they own. Based on Hecla’s closing stock price on May 23, 2016, Mines Management shareholders would have attained compensation valued at about $0.94 per share. The firm has institutional ownership of 1.90%, while insider ownership included 7.80%. MGN attains analyst recommendation of 2.00 with week’s performance of 16.67%.