Attractive Moving Stocks: JPMorgan Chase & Co. (NYSE:JPM), A. Schulman, Inc. (NASDAQ:SHLM), OM Group Inc. (NYSE:OMG)

April 25, 2023 4:41 pm1 commentViews: 69

JPMorgan Chase & Co. (NYSE:JPM) released that Stacey Friedman, General Counsel of the firm’s Corporate & Investment Bank, will succeed Steve Cutler as General Counsel of the company early coming year, at what time Cutler will be hired Vice Chairman of the firm. Friedman will release to Cutler as well as act as his deputy for the rest of current year, and she will join the firm’s firm-wide Operating Committee next year when her new role becomes effective. Both Cutler and Friedman will report to Chairman and CEO Jamie Dimon next year in their new roles. Cutler, in his role next year as Vice Chairman of the Company, will act as a senior advisor to Jamie Dimon and other executives across the firm, as well as to the company’s Board of Directors. He will continue to assist on complex legal issues, including key matters that are already in progress. JPMorgan Chase & Co. (NYSE:JPM) stock hit highest price at $67.46, beginning with a price of $66.79 to close at 67.33 by a loss of -0.28% with a day range of $66.54-$67.46.

A supplier of plastic compounds and resins, A. Schulman, Inc. (NASDAQ:SHLM) released on Monday that it released that its Q3 net loss to equity holders of $9.9M or $0.34 a share as compared with a profit of $19M or $0.65 per share previous year. Excluding takeover costs, restructuring charges as well as other one-time items, adjusted earnings for the quarter were $0.72 per share compared with $0.74 per share a year ago. Revenues for the quarter were lower at $560.9 million compared with $645.7 million in the prior year. Analysts polled by Thomson Reuters estimated earnings of $0.77 per share on revenues of $609 million for the quarter. On the other consideration, A. Schulman, Inc. (NASDAQ:SHLM) begun last trade with a price of $42.68 and throughout the trading session climbed at $42.99. The day-trade ended with a decrease of -2.25% to close at $42.16.

OM Group Inc. (NYSE:OMG) released that expiration of the 35-day “go shop” period pursuant to the terms of the merger contract dated May 31, 2015 amid the firm and funds managed by affiliates of Apollo Global Management, LLC (APO) as well as a wholly-owned subsidiary of Platform Specialty Products (PAH). During the “go shop” period, the firm connected in an active and extensive solicitation of 49 possible interested parties (comprising 21% strategic buyers and 28 possible financial buyers), which resulted in five parties engaging in informal discussions with the Company or its advisors, and three parties negotiating and entering into confidentiality agreements with the Company and being provided information. Prior to the expiration of the “go-shop” period, the Company’s Board of Directors received a written “company takeover proposal.” Shares of OM Group Inc. (NYSE:OMG) opened at $34.44 with 30.74 million outstanding shares and hit to its highest price of $34.94 during the day and finally closed at $34.79 by scoring 3.97%. In the whole session, it traded on volume of 1.64 Million shares, which turned higher than its average volume.


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