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Market Beat: Texas Instruments Incorporated (NYSE:TXN); United Technologies Corp. (NYSE:UTX) And Plug Power Inc (NASDAQ:PLUG)

Boston, MA 02/05/2014 (wallstreetpr) – It came into the light as per the disclosures stated in SEC filings that Texas Instruments Incorporated (NYSE:TXN)’s VP Darla Whitaker has offloaded 30,000 shares in an open market transaction on Friday, January 31st. The stocks were sold at an approximate price of $42.01 and the total transaction amount stood at $1,260,300.00. Post completion of the sale, Whitaker now directly owns 104,956 shares of the common stock of the company and his ownership is aggregately valued at  $4,409,202. The stock of Texas Instruments Incorporated (NYSE:TXN) fell 1.47% on Tuesday and closed at $40.89 post revealation of the sale.

United Technologies Corp. (NYSE:UTX) started the week with the declaration of dividend. As per the press release, the company’s Board of Directors has announced dividend to its shareholders, payable at the rate of $0.59 per share on the common stock. The record date for the dividend is set as Februrary 14th’2014, which means that shareholders appearing on the books of the company as of the record date will be eligible to receive dividends. The ex-dividend date is scheduled as Feb. 12 and the dividend payout date will be March 10. United Technologies Corp. (NYSE:UTX) yet again continues its record as it has paid cash dividends to its shareholders every year since 1936. The current dividend yield stands at 2.07% on the company’s stock.

As per the latest update from the Reuters, it is reported that Plug Power Inc (NASDAQ:PLUG), the fuel cell maker, will be able to accomplish profitability by the close of the year as it is underway plans to expand in Asia. The analyst at Cowen and Co anticipates the company to reduce costs also through various measures, including bulk purchases and dual sourcing.The analysts anticipate  sales volume to grow 68% through 2018, steered by more expansion in the U.S., Europe and mainly in Asia. Resultantly, Plug Power Inc (NASDAQ:PLUG) soared by 15% during the previous day.

Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email ([email protected]) or his Google+ page (https://plus.google.com/103338576216002376250).

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