Stocks to Watch: AT&T, Inc. (NYSE:T), Cypress Semiconductor Corporation (NASDAQ:CY), Tredegar Corp. (NYSE:TG)


AT&T, Inc. (NYSE:T) reported that it plans to invest about $3 billion in Mexico as part of efforts to extend its high-speed, mobile Internet service. The announcement was made by AT&T CEO Randall Stephenson in a meeting with Mexico President Enrique Peña Nieto. The company said the proposed investment would extend its mobile Internet service to cover 100 million people in Mexico by year-end 2018. This is in addition to the $4.4 billion AT&T invested earlier this year to acquire Iusacell and NEXTEL Mexico. Shares of AT&T, Inc. (NYSE:T)  opened at $36.380 with 5193.00 million outstanding shares and hit to its highest price of $36.400 during the day and finally closed at $36.18 by scoring 1.12%. In the whole session, it traded on volume of 47.56 Million shares, which turned higher than its average volume.

Cypress Semiconductor Corporation (NASDAQ:CY) dropped over 2.36% in mid trading session on Friday as Integrated Silicon Solution Inc. (NASDAQ:ISSI) acknowledged receipt of a “best and final” offer from Cypress Semiconductor Corp. (CY) to acquire ISSI for $22.60 per share in cash. Together with an incremental ticking fee of $0.10 per share for each additional three months required to obtain regulatory approval for a transaction with Cypress which would begin to accrue daily starting on October 1, 2015, up to a maximum of $0.20 per share. On the other consideration, Cypress Semiconductor Corporation (NASDAQ:CY)  begun last trade with a price of $12.23 and throughout the trading session climbed at $12.30. The day-trade ended with a decrease of -0.65% to closed at $12.28. The stock is going forward its fifty-two week low with 56.36% and lagging behind from its 52 week high price with -23.22%. CY last month stock price volatility remained 2.42%.

Tredegar Corp. (NYSE:TG) released that Nancy Taylor, president and CEO, and Kevin O’Leary, vice president, CFO and treasurer, have stepped down from their respective positions, effective immediately. Taylor also resigned her position on the board of directors, the company said. The company announced that board member John Gottwald, who served for seventeen years as Tredegar’s president and CEO, will assume the duties of president and CEO on an interim basis until the Board completes a search for a new leader. Andrew Edwards, formerly vice president, CFO and treasurer of Tredegar Corporation from 2003 to 2009, will return to the company to serve as vice president, CFO and treasurer, effective the end of July. Tredegar Corp. (NYSE:TG) stock hit highest price at $24.00, beginning with a price of $23.40 to the closed at 23.16 by an increase of 0.43% with a day range of $23.35-$24.00.

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Jason Dinner