Abnormal Volume Gains: Bank of America Corporation (NYSE:BAC), NIKE, Inc. (NYSE:NKE), SYNNEX Corp. (NYSE:SNX)

June 29, 2015 9:00 am0 commentsViews: 25

Bank of America Corporation (NYSE:BAC) released a redemption notice will be submitted to property trustee for Barnett Capital III, that it will result in the redemption of all $63.805 million aggregate liquidation amount outstanding of the Floating Rate Capital Securities of Barnett Capital III. The redemption date for these securities determination be July 27, 2015, and the cash redemption price to be paid on the redemption date will be $1,000 per capital security plus accrued and unpaid distributions thereon to the redemption date. Bank of America has received all necessary approvals for these redemptions. Shares of Bank of America Corporation (NYSE:BAC) traded at $17.41 by moving up 0.23% with price volatility of 1.17% for a week and 1.44% for a month. Its beta stands at 1.66 times.

The world’s largest athletic shoes and apparel maker, NIKE, Inc. (NYSE:NKE) released that its Q4 net earnings of $865M or $0.98 a share as compared by means of $698M or $0.78 per share previous year. The firm’s revenues for the quarter were increased 5% at $7.78B as compared with $7.43B in the previous year. Analysts polled by Thomson Reuters estimated earnings of $0.83 per share on revenues of $7.69 billion for the quarter. Analysts’ estimates typically exclude special items. Excluding currency changes, quarterly revenues were up 13 percent compared with a year ago, Nike said. NIKE, Inc. (NYSE:NKE) stock hit highest price at $110.34, beginning with a price of $108.45 and reported an increase of 4.27% to close at $109.71 with a day range of $105.22-$110.34. The total market capitalization remained 94.32 Billion, total volume of 10.12 Million shares held in the session was surprisingly higher than its average volume of 2730.17 shares.

SYNNEX Corp. (NYSE:SNX) dropped in previous session as it declared that its net income for the Q2 of $51.9M or $1.30 a share, as compared to $39.6Mor $1 a share for the year-before quarter. Excluding items, adjusted earnings for the Q2 was $61.7M or $1.55 per share, as compared to $59.5 million or $1.50 per share in the prior year quarter. Analysts polled by Thomson Reuters anticipated the company to earn $1.53 per share on revenue of $3.42 billion for the second quarter. Analysts’ estimates typically exclude special items. Looking forward to the third quarter, the company forecasts revenue of $3.30 billion to $3.40 billion and adjusted earnings of $1.40 to $1.45 per share. Analyst currently expect the company to earn $1.67 per share on revenue of $3.53 billion for the third quarter. SYNNEX Corp. (NYSE:SNX) stock has highest price of $76.08 in last session, beginning with a price of $73.40 and reported a loss of -9.06% to close at $74.88 with a day range of $72.34-$76.08.

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