Stocks Cheers on Upbeat Move: Scorpio Bulkers (NYSE:SALT), MACOM Technology Solutions (NASDAQ:MTSI), Rent-A-Center (NASDAQ:RCII)
Scorpio Bulkers Inc. (NYSE:SALT) stock closed at $7.50 in last session with the total traded volume of 1.14 Million. Scorpio Bulkers (SALT) inked a deal to time charter in one Ultramax vessel. The Company has entered into a time charter-in contract with an unrelated third party on one Ultramax Vessel.
The contract is for two years at approximately $10,125 per day with a Company option to extend the contract for one year at approximately $10,885 per day. The time charter is expected to commence prior to the end of October 2017. The Financial Institutional ownership of the firm was 41.70%. How Outside Factors Effects on Stocks Performance? Find Out Here Totally Free
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) dropped -0.31% to settle at $53.84 with the total traded volume of 1.13 Million shares. M/A-Com Technology Solutions Holdings Inc. (MTSI) on Tuesday declared a loss of $130.1 million in its fiscal second quarter. The Lowell, Massachusetts-based company said it had a loss of $2.14 per share. Earnings, adjusted for one-time gains and costs, came to 63 cents per share. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share. The chipmaker posted revenue of $186.1 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $183 million. For the current quarter ending in July, M/A-Com expects its per-share earnings to range from 67 cents to 71 cents. The company said it expects revenue in the range of $194 million to $198 million for the fiscal third quarter.
The firm’s shares performance for the last one month was 19.72% and 4.79% in the previous week, whereas year to date performance was calculated 16.34%.Why Investors Right to Know NASDAQ:MTSI Performance? Find Facts Here
Rent-A-Center, Inc. (NASDAQ:RCII) shown itself as moving stock, fell -1.36% to close at $10.86. Rent-A-Center (RCII) shareholder Engaged Capital calls on Board ‘to reverse its latest attempt to manipulate the Company’s corporate machinery to further entrench the Board and disenfranchise stockholders and restore the previously disclosed record date of April 10, 2017’. Engaged states, “It is apparent to us that the Poison Pill was designed to prevent Engaged Capital from acquiring additional shares rather than to protect stockholders from an interested acquirer not paying a important control premium for the Company.”
Its total outstanding shares are 52.90 million shares and a floated share was 51.82 million. Its beta value stands at 0.50 times. Why NASDAQ:RCII on Bearish Notes in Eye of Experts? Find Facts Here