Stocks With Noticeable Momentum: The J. M. Smucker Company (NYSE:SJM), North Atlantic Drilling Limited (NYSE:NADL), JPMorgan Chase & Co. (NYSE:JPM)


The J. M. Smucker Company (NYSE:SJM) reported that Blue Holdings I, L.P. aims to offer for sale in an underwritten secondary offering 4.92M shares of the firm’s common stock. The firm previously issued to the Selling Shareholder 17.06M shares of common stock on March 23, 2015 in connection with the firm’s purchase of Big Heart Pet Brands. The shares to be sold by the Selling Shareholder represent 100% of the ownership interests attributable to affiliates of Centerview Capital Management LLC and AlpInvest Partners US Holdings, LLC. The company noted that it is not selling any shares and will not receive any proceeds from the proposed offering. The J. M. Smucker Company (NYSE:SJM) has the market capitalization of 12.87 Billion. Shares of firm plunged -0.66% to close at $107.59 with the total traded volume of 2.89 Million. The firm has current ratio of 2.00 for the most recent quarter.

North Atlantic Drilling Limited (NYSE:NADL) declared that it has been awarded an agreement expansion for the semi-submersible rig West Phoenix by Total E&P UK Limited. The agreement will commence mid-March 2016 and secure work for the unit through the end of August 2016. The total revenue potential for the contract extension is approximately $62 million. A portion of the $62 million will be paid during the currently anticipated idle period from the beginning of September 2015 to the middle of March 2016. North Atlantic Drilling Limited (NYSE:NADL) begun last trade with a price of $1.24 and throughout the trading session climbed at a high of $1.26. The day-trade ended with 0.83% to $1.21. The stock is going forward to its 52 week low with 11.01% and lagging behind from its 52 week high price with -88.88%. NADL last month stock price volatility remained 6.38%.

JPMorgan Chase & Co. (NYSE:JPM) reported that it pay $136M and reform its credit card debt collection practices as part of a joint state-federal settlement of a probe so as to found it had acted illegally, according to U.S. authorities. The bank will also pay at least $50 million in consumer refunds and $30 million to the Office of the Comptroller of the Currency in a related action, authorities said. “This is a good, strong settlement that’s going to help a lot of people,” Iowa Attorney General Tom Miller, who helped lead the probe, said on a conference call with reporters. JPMorgan Chase & Co. (NYSE:JPM) stock price closed at $67.05 with the total traded volume of 12.3 Million shares. Its price to sales ratio ended at 4.85. Its market capitalization is 248.80 Billion. The stock owned by the Financial Institutions was 75.40% while by insiders was 0.20%.

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Jason Dinner