Stocks Swing on Declaration: BlackBerry Limited (NASDAQ:BBRY), Stantec Inc. (NYSE:STN), Precision Castparts Corp. (NYSE:PCP)

April 26, 2023 2:52 am11 commentsViews: 76

Canadian smartphone maker, BlackBerry Limited (NASDAQ:BBRY) declared on Monday that selection of Carl Wiese as President of Global Sales, accountable for go-to-market strategy. He will restore John Sims, who left the firm. Wiese has been by means of Cisco and most currently as its senior VP of worldwide alliances business. He has extensive experience in enterprise software and emerging technology solutions and previously held executive positions at Apple, Avaya, Lucent and Texas Instruments. Wiese will report to Executive Chairman and CEO John Chen. BlackBerry Limited (NASDAQ:BBRY) stock hit highest price at $7.86, beginning with a price of $7.70 to close at 7.73 by a gain of 0.52% with a day range of $7.66-$7.86. The total market capitalization remained 4.09 Billion, total volume of 8.61 Million shares held in the session was surprisingly higher than its average volume of 8729.59 shares.

Design firm Stantec Inc. (NYSE:STN) reported on Monday that it has purchased VI Engineering, a 30-person power and electrical engineering company based in Houston, Texas. VI focuses on engineering as well as design, project management, and system analysis, primarily for electric utilities and cooperatives, industrial, chemical, and petrochemical plants, and midstream oil and gas companies. Some of the company’s most notable clients include MidAmerican Energy, Statoil, Public Service Electric and Gas, Valero Refining, Bayer, Enterprise Products, Energy Transfer and Wind Energy Texas Transmission. On the other consideration, Stantec Inc. (NYSE:STN) begun last trade with a price of $28.38 and throughout the trading session climbed at $29.23. The day-trade ended with an advance of 2.53% to close at $29.15. The stock is going forward its fifty-two week low with 24.02% and lagging behind from its 52-week high price with -16.12%.

Precision Castparts Corp. (NYSE:PCP) reported on Monday that it has decided to purchase Composites Horizons LLC from American Industrial Partners. The financial terms of the deal were not disclosed. The deal, expected to close in the second quarter of fiscal 2016, will be immediately accretive to earnings, Precision Castparts said. Composites Horizons is a supplier of high temperature carbon and ceramic composite components, including ceramic matrix composites, for use in next-generation aerospace engines. The company operates from one site in Covina, California, and employs about 200 people.  Shares of Precision Castparts Corp. (NYSE:PCP) opened at $192.60 with 137.73 million outstanding shares and hit to its highest price of $195.18 during the day and finally closed at $193.20 by scoring 1.22%. In the whole session, it traded on volume of 1.36 Million shares, which turned higher than its average volume.


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