Stocks With Major News: AT&T, Inc. (NYSE:T), Nordic American Tankers Limited (NYSE:NAT), Teva Pharmaceutical Industries Limited (NYSE:TEVA)

April 26, 2023 8:37 am5 commentsViews: 99

Telecoms giant, AT&T, Inc. (NYSE:T) declared it has completed its acquisition of pay TV provider DIRECTV. Under the deal, DIRECTV shareholders received 1.892 shares of AT&T common stock, in addition to $28.50 in cash, per share of DIRECTV. AT&T now is the largest pay TV provider in the U.S. and the world, providing service to more than 26 million customers in the United States and more than 191 million customers in Latin America, including Mexico and the Caribbean. Additionally, AT&T has more than 132 million wireless subscribers and connections in the U.S. and Mexico; offers 4G LTE mobile coverage to nearly 310 million people in the U.S.; covers 57 million U.S. customer locations with high-speed Internet; and has nearly 16 million subscribers to its high-speed Internet service.  Shares of AT&T, Inc. (NYSE:T) opened at $34.66 with 5193.00 million outstanding shares and hit to its highest price of $35.09 during the day and finally closed at $34.29 by scoring 1.06%. In the whole session, it traded on volume of 87.11 Million shares, which turned higher than its average volume.

Nordic American Tankers Limited (NYSE:NAT) released on Monday that it has decided to acquire two Far East built Suezmax tankers at an average age of five years. The total price is about $122 million. The company said the vessels are expected to be delivered in September and October 2015. The acquisition increases the company’s fleet to 26 vessels. NAT does not plan to issue equity to finance these two vessels. According to the firm, the acquisition represents a natural step in the further development of Nordic American. By adding two more ships, the company increases the dividend capacity and earnings potential.  Nordic American Tankers Limited (NYSE:NAT) stock hit highest price at $16.94, beginning with a price of $16.45 to close at 16.02 by a decrease of -2.55% with a day range of $15.75-$16.94. The total market capitalization remained 1.39 Billion, total volume of 3.23 Million shares held in the session was surprisingly higher than its average volume of 1847.80 shares.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) released that its preliminary Q2 non-GAAP EPS were $1.43, up 15 percent from last year. On average, 19 analysts polled by Thomson Reuters expected earnings of $1.31 per share for the quarter. Analysts’ estimates typically exclude special items. Revenues were about $4.97 billion, down 2 percent from the second quarter of 2014. Analysts expected revenues of $4.91 billion. Excluding the impact of foreign exchange fluctuations and the sale of U.S. OTC plants in July 2014, revenues increased 6 percent compared to the second quarter of 2014.  On the other consideration, Teva Pharmaceutical Industries Limited (NYSE:TEVA) begun last trade with a price of $62.27 and throughout the trading session climbed at $62.65. The day-trade ended with a decrease of -1.06% to close at $61.85.


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