Supervalu to DISTRIBUTE Financial Info and 2 Stocks that Have Hit 52-Week Lows
Supervalu Inc. (NYSE:SVU) is expected to begin sending out financial information to potential suitors this week, say sources to the Wall Street Journal. Prospective acquirers include buyout companies along with supermarket operators and distributors. Shares closed up 6.9 percent on the day at $2.48, and have traded in a 52-week range of $2.32 to $9.44.
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Symantec Corp. (NASDAQ:SYMC): The intrusion prevention system, or IPS, which was sold by Intel’s (NASDAQ:INTC) McAfee is a “magic quadrant leader”, said the research firm Gartner, according to Channelnomics. This designation could afford McAfee resellers a new selling point, but a standalone IPS still face an “uphill battle”. Shares closed down 1.04 on the day at $13.32, having been traded in a 52-week range of $13.26 to $19.81.
Walter Energy (NYSE:WLT): Billionaire Wilbur Ross, believes that the industry’s current weakness is different from earlier setbacks and could last for years due of the shale-gas boom, according to Bloomberg. Ross built a company from distressed U.S. coal assets and sold it in 2011 for $3.4 billion. Shares closed down 3.08 percent on the day at $36.50, having traded in a 52-week range of $35.90 to $132.38.
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