eBay SIGNS Multi-Year Agreement and 4 Stocks that Have Hit 52-Week Highs
Ebay Inc.’s (NASDAQ:EBAY) company GSI Commerce announed that Spanx recently signed a new multi-year agreement for GSI under which it will keep offering full-service ecommerce solutions for its increasing online business. Beneath the new agreement, GSI will keep offering Spanx with integrated Web technology, fulfillment, and customer service. The shares closed at $43.95, up $3.49 or 8.63% on the day. They have traded in a 52-week range of $26.86 to $43.94.
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Express Scripts (NASDAQ:ESRX) and Walgreen (NYSE:WAG) advance following the announcement of the companies that they will begin a new, multi-year pharmacy network deal. The companies stated that Walgreens would be a part of the broadest Express Scripts retail pharmacy network available but did not reveal any of the deal’s specific terms. Also, CVS (NYSE:CVS) believes that the impasse between Express Scripts and Walgreen could increase its earnings by a combined total of around 5c in the Q3 and Q4, and it should be able to keep at least 50 percent of business gained from the impasse. At mid-morning trading, Walgreen increased 11.49 percent to $34.53, Express Scripts (NASDAQ:ESRX) increased 1.82 percent to $58.74, while CVS dropped 4.04% to $46.49 and Rite Aid (NYSE:RAD) fell 9.4% to $1.16. The shares closed at $58.76, up $1.07 or 1.85% on the day. They have traded in a 52-week range of $34.47 to $58.98.
Firstenergy Corp.’s (NYSE:FE) Ohio utilities took yesterday afternoon to announce that the Public Utilities Commission of Ohio approved the Electric Security Plan the company proposed. The ruling lets FirstEnergy Ohio utilities Ohio Edison, Cleveland Electric Illuminating, and Toledo Edison to lengthen their current ESP for two more years and establish electricity prices for customers until after May 31, 2016. The shares closed at $50.26, up $0.51 or 1.03% on the day. They have traded in a 52-week range of $38.77 to $49.93.
Farmers Capital Bank (NASDAQ:FFKT) allowance loan for losses was $27.1 million, 2.61 percent of outstanding loans as of June 30, 2012. Net loan charge-offs totaled $1.3 million. The shares closed at $7.55, up $1.01 or 15.44% on the day. They have traded in a 52-week range of $3.27 to $7.32.
Hanmi Financial Corp (NASDAQ:HAFC) recorded an income tax benefit totaling $47.2 million for 2012’s Q2, mostly because of the income tax benefit that was a result of the reversal of the $53.1 million valuation allowance to its DTA. The shares closed at $10.85, up $0.05 or 0.46% on the day. They have traded in a 52-week range of $6.40 to $10.89.
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