Home / Street Sector / Truces Call By Bulls and Bears: Ship Finance International (NYSE:SFL), E-Commerce China Dangdang (NYSE:DANG), Staples (NASDAQ:SPLS)

Truces Call By Bulls and Bears: Ship Finance International (NYSE:SFL), E-Commerce China Dangdang (NYSE:DANG), Staples (NASDAQ:SPLS)

Ship Finance International Limited (NYSE:SFL) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 2.10% to 16.03 with around 1.25 Million shares have changed hands in this session. Ship Finance International Ltd. (SFL) reported first-quarter net income of $46.8 million. The Hamilton, Bermuda-based company said it had profit of 50 cents per share. Earnings, adjusted for amortization costs, came to 53 cents per share. The oil tanker owner and operator posted revenue of $117.6 million in the period. The stock is going forward its fifty-two week low with 68.34% and lagging behind from its 52-week high price with -4.46%.

Likewise the positive performance for the quarter recorded as 22.49% and for the year was 6.21%, while the YTD performance remained at -0.13%. SFL has Average True Range for 14 days of 0.46.

Shares of E-Commerce China Dangdang Inc. (NYSE:DANG) [Trend Analysis] swings enthusiastically in regular trading session, it a gain of 3.98% to close at $6.27. Dangdang (DANG) aim to be acquired by its parent co in a going-private transaction for cash consideration of $6.70/ADR in a transaction valued at $556 million on a fully-diluted basis. Immediately following the consummation of the merger, Parent will be beneficially owned by Peggy Yu Yu, chairwoman of the board of directors, Guoqing Li, director and CEO of the Company, and certain other members of the management of the Company.

Its board, acting upon the unanimous recommendation of the special committee formed by the board of directors, approved the Merger Agreement and the merger, and resolved to recommend that its shareholders vote to authorize and approve the Merger Agreement and the merger. DANG is going forward its fifty-two week low with 18.08% and lagging behind from its 52-week high price with -45.48%. DANG last month stock price volatility remained 5.75%.

Staples, Inc. (NASDAQ:SPLS) [Trend Analysis] retains strong position in active trade, as shares scoring 1.03% to $8.80 in a active trade session, while looking at the shares volume, around 10.75 Million shares have changed hands in this session. Staples Inc. reported that Ron Sargent will step down as chief executive after 14 years on the job. His departure follows Staples and rival Office Depot dropping their $6.3 billion merger earlier this month after antitrust regulators opposed it.

Staples director Robert Sulentic said in a statement that the board and Sargent agreed that it was time for new management to help Staples grow after the deal’s collapse. Sargent will step down as CEO after the company’s annual shareholder meeting June 14 but will remain a director and non-executive chairman through the end of January. The firm has institutional ownership of 96.30%, while insider ownership included 0.20%. SPLS attains analyst recommendation of 2.90 with week’s performance of 6.28%. Investors looking further ahead will note that the Price to next year’s EPS is 1.54%.

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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