How Stocks Taste Ups And Down: Apple Inc. (NASDAQ:AAPL), Tengasco Inc. (NYSEMKT:TGC), BorgWarner Inc. (NYSE:BWA)

April 26, 2023 3:26 am0 commentsViews: 67

Apple Inc. (NASDAQ:AAPL) moved up in previous session as it has declared beta software program for its upcoming iOS 9. The Apple Beta Software Program permits users to try out pre-release versions of the software, as well as it is open to anyone with a valid Apple ID. The Program will also collect feedback on the pre-release software. The company noted that since the public beta software has not yet been commercially released by Apple, it may contain errors or inaccuracies and may not function as well as commercially released software. The iOS 9 will be available this fall as a free software update for iPhone 4s and later, iPod touch 5th generation, iPad 2 and later, iPad mini and later. Apple Inc. (NASDAQ:AAPL) stock hit highest price at $125.75, beginning with a price of $124.95 and reported an increase of 1.93% to close at $125.66 with a day range of $124.32-$125.75. The total market capitalization remained 723.93 Billion, total volume of 37.14 Million shares held in the session was surprisingly higher than its average volume of 45853.24 shares.

Energy firm, Tengasco Inc. (NYSEMKT:TGC) reported on Monday that its BOD has unanimously discarded the unsolicited tender propose from ICN Fund I, LLC to purchase all outstanding shares of the firm for $0.27 a share. The Board consulted by means of the firm’s management, reviewed the terms and conditions of the ICN’s offer. It as well considered other information relating to the company’s historical financial performance, portfolio of properties and future opportunities. The board believes that the offer represents an opportunistic attempt to purchase the shares at an inadequate price and thereby deprive the company’s tendering stockholders of the potential opportunity to realize the full long-term value of their investment in the company. Shares of Tengasco Inc. (NYSEMKT:TGC) traded at $0.26 by moving up 4.76% with price volatility of 4.80% for a week and 5.37% for a month. Its beta stands at 1.13 times.

Automotive parts maker, BorgWarner Inc. (NYSE:BWA) released on Monday that it has decided to purchase Remy International, Inc. (REMY), a producer of rotating electrical components for automobiles. The transaction entails an enterprise worth of around $1.2B for Remy International. Auburn Hills, Michigan-based BorgWarner sells engineered automotive systems as well as components primarily for powertrain applications worldwide. The company has operating manufacturing and technical facilities in 58 locations in 19 countries. The completion of the transaction is subject to certain customary terms and conditions, including the approval of Remy International’s stockholders. The companies expect the transaction to close in the fourth quarter of 2015. BorgWarner Inc. (NYSE:BWA) stock has highest price of $54.91 in last session, beginning with a price of $54.44 and reported a gain of 2.16% to close at $54.79 with a day range of $53.63-$54.91. The stock is going forward its 52-week low with 13.68% and moving down from its 52-week high price with -17.26%.


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