Stocks With Noticeable Momentum: Comcast Corporation (NASDAQ:CMCSA), GameStop Corp. (NYSE:GME), The Bank of Nova Scotia (NYSE:BNS)


First it was cord-cutters. Now, Comcast Corporation (NASDAQ:CMCSA) is going following gamers. A day after releasing its new streaming TV service, Stream, Comcast CMCSA reported on Tuesday that it has collaborated with video game Company Electronic Arts (EA) to propose streaming games to Comcast’s broadband internet subscribers. The new service, known Xfinity Games, is just in the beta phase, where customers who have Comcast X 1 set-top boxes and sign up online will test it. Both Xfinity Games as well as the Stream pay-TV service represent Comcast’s shift to offer services that do not require a traditional cable subscription in an attempt to appeal to customers who are no longer interested in larger, bundled cable packages. Stream costs $15-per-month and is only available to Comcast broadband customers. Comcast Corporation (NASDAQ:CMCSA) stock hit highest price at $63.91, beginning with a price of $63.36 to the closed at 63.24 by a loss of -0.75% with a day range of $62.89-$63.91. The total market capitalization remained 158.96 Billion, total volume of 10.25 Million shares held in the session was surprisingly higher than its average volume of 16575.03 shares.

GameStop Corp. (NYSE:GME) declared that expiration of its tender propose to buy all outstanding shares of Geeknet Inc. (GKNT) for $20 per share in cash. The Offer expired at 11:59 p.m. ET on July 13, 2015. As of the ending of the Offer, 5.92M shares were validly tendered and not withdrawn in the Offer (comprising an aggregate of 31,611 shares delivered by notice of guaranteed delivery), representing 86.39% of Geeknet’s outstanding shares, according to the depositary for the Offer. All conditions to the Offer having been satisfied, GameStop will accept for payment, and pay for by deposit of the Offer Price for such shares with the depositary for the Offer on July 17, 2015, all shares validly tendered into (and not validly withdrawn from) the Offer. On the other consideration, GameStop Corp. (NYSE:GME) begun last trade with a price of $47.22 and throughout the trading session climbed at $47.45. The day-trade ended with a loss of -1.31% to close at $46.73.

The Bank of Nova Scotia (NYSE:BNS) released that a contract to purchase Citigroup’s retail and commercial banking businesses in Panama and Costa Rica. Citibank’s operations in Costa Rica as well as Panama comprises 27 branches which serve over 250,000 retail as well as commercial banking customers. Scotiabank reported that purchase will around triple its customer base in these two countries from around 137,000 to 387,000. The transaction will provide a significant lift to the Bank’s market share in credit cards to approximately 18% in Panama and 15% in Costa Rica. Scotiabank said the deal will impact its common equity tier one capital ratio by approximately 15 basis points. Shares of The Bank of Nova Scotia (NYSE:BNS) opened at $50.07 with 1212.43 million outstanding shares and hit to its highest price of $50.11 during the day and finally closed at $50.08 by scoring -0.26%.

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Jason Dinner