No Contract Renewal is BAD NEWS for Geoeye and 4 Stocks that Have Hit 52-Week Lows

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Aecom Technology Cor (NYSE:ACM) announced a joint venture that it participates in was awarded a $360M, 6-year contract with the U.S. Immigration and Customs Enforcement Agency. The joint-venture team, named Qbase-McNeil Integrated Solutions, must provide mission-critical information-technology-support services to U.S. ICE customers globally under the contract.  The shares closed at $14.91, down $0.25 or 1.65% on the day. They have traded in a 52-week range of $15.08 to $28.25.

Don’t Miss: Wall Street Brief: Facebook LOVES Women, Murdoch MULLS Split, Coke STORMS India.

Geoeye (NASDAQ:GEOY) falls following its disclosure that a government agency refuses to exercise any renewal option for a satellite imagery program; it instead suggests less lucrative short-term contracts. The agency, also, will not give cost share funding needed for an upcoming satellite launch. Because it believes GeoEye’s bond payments are at risk. Benchmark has downgraded shares to Hold. JPMorgan sees a buyout offer from DigtalGlobe (NYSE:DGI) as more probable. The shares closed at $14.24, down $4.1 or 22.36% on the day. They have traded in a 52-week range of $17.50 to $42.31.

Hewlett-Packard Comp (NYSE:HPQ) has announced the use of its online storefront solution by SOFTBANK MOBILE Corporation which offers over 29M customers in Japan a quick, easy way to shop for, download, and manage wireless services and other content. The shares closed at $19.55, down $0.82 or 4.03% on the day. They have traded in a 52-week range of $20.22 to $37.70.

Petroleo Brasileiro (NYSE:PBR): KL Energy has successfully completed the first stage of its work program under its Joint Development Agreement with Petrobras America, Inc., which was signed August 23, 2010. All sugarcane bagasse cullulosic ethanol in which was in KLE’s demonstration plant in 2011 has been shipped to  Petrobras SA in Brazil. The shares closed at $17.84, down $1.76 or 8.98% on the day. They have traded in a 52-week range of $18.16 to $35.10.

Research In Motion (NASDAQ:RIMM): A number of people close to Research in Motion (NASDAQ:RIMM) say a report by the Sunday Times of London that RIM wants to separate the hardware side of the business from the services side, or sell a stake in the company, is a silly fantasy, and a ridiculous idea”, reports the Globe and Mail. The story mentioned Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN) as possible buyers.

The shares closed at $9.10, down $0.75 or 7.61% on the day. They have traded in a 52-week range of $9.57 to $33.54.

Don’t Miss: Analyst: Apple’s Got Its Market Share on LOCK!

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business