Moving Stocks: Sprint Corporation (NYSE:S), The Goldman Sachs Group, Inc. (NYSE:GS), NIKE, Inc. (NYSE:NKE), Xerox Corporation (NYSE:XRX)

April 25, 2023 3:42 pm5 commentsViews: 93

Sprint Corporation (NYSE:S) currently declared All-In Wireless, the wireless industry’s first-ever “All-In” pricing plan. It eliminates the 600 kbps limitation on streaming video. The firm articulated that several consumers raised concerns regarding a 600 kbps limitation as well as it is acting immediately to address these concerns. Sprint CEO Marcelo Claure  stated that at Sprint, they strive to provide customers a great experience when using their network. “We heard you loud and clear, and we are removing the 600 kbps limitation on streaming video.” During certain times, like other wireless carriers, Sprint said it might have to manage the network in order to reduce congestion and provide a better customer experience for the majority of its customers. Sprint Corporation (NYSE:S) stock hit highest price at $4.55, beginning with a price of $4.53 and reported a decrease of -0.88% to close at $4.48 with a day range of $4.47-$4.55. The total market capitalization remained 17.77 Billion, total volume of 8.04 Million shares held in the session was surprisingly higher than its average volume of 13583.47 shares.

The U.S. SEC charged The Goldman Sachs Group, Inc. (NYSE:GS) with infringing the market access rule in connection by means of a trading incident that resulted in erroneous executions of options contracts. The firm decided to pay a $7M penalty to settle the charges. An SEC investigation found that Goldman Sachs did not have adequate safeguards to prevent the firm from erroneously sending approximately 16,000 mispriced options orders to various options exchanges in less than an hour on August 20, 2013, after the firm implemented new electronic trading functionality designed to match internal options orders with client orders. The Goldman Sachs Group, Inc. (NYSE:GS) stock has highest price of $210.63 in last session, beginning with a price of $209.94 and reported a decrease of -0.35% to close at $209.20 with a day range of $208.50-$210.63.

NIKE, Inc. (NYSE:NKE) recently declared that Phil Knight aims to step down as chair of the firm sometime in 2016. Knight has informed the Nike board of his proposal to have Mark Parker, the firm’s CEO, succeed him. Knight, who founded Nike, declared that he will continue to be actively involved with the company well beyond the time he steps aside as chairman. Knight said, “I have long felt a great responsibility to provide clarity and certainty for the long-term governance and leadership of Nike and for my ultimate transition as chairman… I believe Mark is the best choice to succeed me.” Shares of NIKE, Inc. (NYSE:NKE) traded at $109.87 by surging 0.40% with price volatility of 1.36% for a week and 1.26% for a month. Its beta stands at 0.73 times.

Xerox Corp(NYSE:XRX) released that it has closed the sale of its Information Technology Outsourcing (“ITO”) business to French multinational IT services firm Atos SE. The firm released that it anticipates using the net after-tax proceeds of about $850M from the transaction to buyback common stock and fund purchases. Xerox’s ITO business comprises around 9,600 ITO employees in 42 countries. Xerox said the transaction enables it to increase focus and resources on expanding its core Business Process Outsourcing and Document Outsourcing businesses. Additionally, Xerox believes the transaction will enable new levels of collaboration in developing innovative solutions for customers that leverage Atos’ ITO capabilities, and highlight Xerox’s Business Process Outsourcing and Document Outsourcing expertise.


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