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Why These Stocks Are Trending: Wells Fargo & Co (NYSE:WFC), MannKind Corporation (NASDAQ:MNKD), Signet Jewelers Ltd. (NYSE:SIG)

Boston, MA 02/20/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) has announced that during the period of 2013, it donated a total of roughly $275 million to more than 18,000 nonprofits. The year 2013 marked the fifth time when the company made annual donations exceeding $200 million in total. Corporate giveaway is something that WFC often do, and in fact, tries to be on the forefront when it comes to charitable courses. According to the company’s CEO John Stumpf, a stronger economy and a stronger U.S. is easy to achieve when communities are made strong and that is exactly what the mortgage major lender is doing. Among many other organizations, WFC issued $84 million in grants for affordable housing, job creation, workforce development, financial education and homeownership counseling in 2013. Another key highlight was the $81.6 million donation to schools and educational programs around the U.S. Shares of Wells Fargo & Co (NYSE:WFC) lost 1.3 percent of their market value in the previous session to conclude at $45.53 in the regular hour, but gained 7 cents each in the post-market trading.

MannKind Corporation (NASDAQ:MNKD) announced that it earned 16 cents EPS in the most recent quarter, falling short of Thomson Reuters estimate of 14 cents. The company reported its latest quarter results Tuesday. Shares of MNKD settled at $5.91 after bell after gaining 4.79 percent in the regular session. The gain was continued in the post-market trading where the stock added another 1.86 percent to its market value. At least seven analysts tracking the stock of MannKind Corporation (NASDAQ:MNKD) recently updated their view, leading to consensus rating of “hold” and average price target of $6.38.

Signet Jewelers Ltd. (NYSE:SIG) continues to see a lot of positive betting on its stock on NYSE after it announced its interest to ask Zale Corporation (NYSE:ZLC) for a hand in marriage. The two diamond sellers are drifting towards an engagement said to be worth about $900 million. Taking over Zale will enable Signet which already operates roughly 1,400 and 500 stores in the U.S. and U.K. respectively, to expand in North America. Signet’s offer per share signals 41 percent premium over the closing price of Zale on Tuesday, a day before the purchase was declared. Shares of Signet Jewelers Ltd. (NYSE:SIG) boosted their value by more than 18 percent in the last session to end the day at $93.65 in the regular session. The afterhours saw the shares add another 5 cents each to their market value, thus touching $93.70.

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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