Molycorp to INVEST in Trading Platform and 4 Stocks Hitting 52-Week Lows
Lexmark Internationa (NYSE:LXK): Notable companies who reported before the opening bell on Tuesday are Altria (NYSE:MO), AT&T (NYSE:T), Biogen (NASDAQ:BIIB), Du Pont (NYSE:DD), Lexmark (NYSE:LXK), Lockheed Martin (NYSE:LMT), Peabody (NYSE:BTU), Regions Financial (NYSE:RF), Reynolds American (NYSE:RAI), Rockwell Collins (NYSE:COL), Ryder (NYSE:R), Simon Property Group (NYSE:SPG), United Parcel Service (NYSE:UPS), Western Union (NYSE:WU) and Whirlpool (NYSE:WHR). The shares closed at $19.22, down $0.44 or 2.24% on the day. They have traded in a 52-week range of $19.64 to $38.34.
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Molycorp Inc (NYSE:MCP): The Baotou Steel Rare-Earth Hi-Tech in China along with six other companies are to invest approximately $11 million to begin a China-based rare earth metal trading platform early next month, according to a Reuters report on Saturday which cited a statement by Batou. This exchange should create more transparency in rare earth prices, Reuters quoted Batou as saying. The shares closed at $17.80, down $1.44 or 7.48% on the day. They have traded in a 52-week range of $19.05 to $66.62.
Quality Systems (NASDAQ:QSII) announced that its entire senior management team sent a letter to all QSI shareholders exclaiming the team’s support for the QSI board nominees at the annual meeting of the company on August 16. The letter also expresses the QSI management team’s concern that a dissident director and current Board memeber Ahmend Hussein along with is director nominees could disrupt momentum that has been established by the QSI Board and management team over the past several years, leading to solid revenue and earnings growth. The management team urges shareholders to vote in support of the QSI board nominees at the upcoming annual meeting in order to protect and optimize the value of their investment in QSI.The shares closed at $23.57, up $0.16 or 0.68% on the day. They have traded in a 52-week range of $23.19 to $50.70.
Research In Motion (NASDAQ:RIMM): Fairfax Financial states that it acquired Research in Motion shares for investment purposes. The shares closed at $6.86, up $0.08 or 1.18% on the day. They have traded in a 52-week range of $6.57 to $33.54.
Banco Santander (NYSE:SAN): The new Greek government wishes to cut more, billions of euros, from its budget ahead of the return of a number of international inspectors this week, according to the Wall Street Journal. The shares closed at $5.15, up $0.04 or 0.78% on the day. They have traded in a 52-week range of $5.10 to $11.06.
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