Active Stocks in Focus: Nokia Corporation (NYSE:NOK), Agria Corporation (NYSE:GRO), Barnes & Noble, Inc. (NYSE:BKS)

April 26, 2023 4:35 am6 commentsViews: 96

Finnish telecoms network maker, Nokia Corporation (NYSE:NOK) declared late that it might begin designing and licensing mobile phone handsets under its brand name in 2016. Nokia reported that it was looking for a partner who would take on the manufacturing, sales, marketing, and customer support for the products. The firm released a Nokia mobile phone would not reach the market before the fourth quarter of 2016 when Nokia’s agreement with partner Microsoft allows it to use the brand name again. Nokia sold its phone business to Microsoft in 2014 after years of declining sales. On the other consideration, Nokia Corporation (NYSE:NOK) begun last trade with a price of $6.67 and throughout the trading session climbed at $6.74. The day-trade ended with an increase of 0.30% to close at $6.73.

Agricultural company, Agria Corporation (NYSE:GRO) released that its New Zealand-listed subsidiary, PGG Wrightson Ltd, has decided to buy fifty percent of the shares of Agrocentro Uruguay with a target settlement date of August 31. Agrocentro Uruguay is a country servicing company that provides agricultural sales, support, along with rural services to improve profitability for farmers. The business has about 120 staff. According to Agria, the transaction involves an upfront payment and a capped earn out component over the next three years based on the performance of the business. Agrocentro Uruguay currently has eight retail branches located across Uruguay and is well positioned for further growth, Agria noted. Shares of Agria Corporation (NYSE:GRO) opened at $1.44 with 55.41 million outstanding shares and hit to its highest price of $1.46 during the day and finally closed at $1.44 by scoring -0.69%.

Barnes & Noble, Inc. (NYSE:BKS) released on Tuesday that timing and details regarding the spin-off of Barnes & Noble Education, Inc. from Barnes & Noble. The Barnes & Noble board has permitted the final distribution ratio as well as released a pro rata dividend of the outstanding shares of Barnes & Noble Education common stock, which will result in the absolute legal and structural separation of the two firms. Barnes & Noble Education common stock is anticipated to begin trading on a “when-issued” basis on the NYSE under the symbol “BNED WI” beginning on July 23. On August 3, when-issued trading of Barnes & Noble Education common stock will end and “regular-way” trading under the symbol “BNED” will begin. Barnes & Noble, Inc. (NYSE:BKS) stock hit highest price at $28.75, beginning with a price of $28.07 to the closed at 28.50 by a gain of 1.86% with a day range of $27.76-$28.75.


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