Volatile Stocks: General Electric Company (NYSE:GE), Accenture plc (NYSE:ACN), Xoom Corporation (NASDAQ:XOOM)

April 25, 2023 2:25 pm64 commentsViews: 135

General Electric Company (NYSE:GE) [Trend Analysis] recently released it was notified that the Department of Justice has initiated court proceedings seeking to enjoin the sale of GE Appliances to Swedish home appliances company Electrolux AB. Electrolux and GE aims to vigorously defend the proposed acquisition as pro-competitive and pro-consumer. Its goal remains to close the deal this year, GE said. GE noted that it continues to believe that GE Appliances’ customers, consumers and employees will benefit from Electrolux’s commitment to the appliance business and its ability to compete with global competitors. In September 2014, General Electric had said it agreed to sell its Appliances business to Electrolux AB for $3.3 billion. Shares of General Electric Company (NYSE:GE) traded at $26.78 by surging 0.45% with price volatility of 1.29% for a week and 1.08% for a month. Its beta stands at 1.37 times.

Accenture plc (NYSE:ACN) inched up in previous session as Amadeus, a Spanish IT Provider for the worldwide travel and tourism industry, has decided to purchase Navitaire, a subsidiary of Accenture plc (NYSE:ACN) that provides technology as well as business solutions to the airline industry, for US$830M. Navitaire, which focuses on the low-cost and hybrid-carrier segments of the airline industry as well as has a worldwide customer base of over 50 operators, provides revenue-generation and cost-streamlining solutions in the areas of reservations, ancillary sales, loyalty, revenue management, revenue accounting and business intelligence. Amadeus and Accenture expect to close the Navitaire acquisition in the fourth quarter of calendar 2015. Amadeus expects the acquisition to have minimal impact on its financial performance in 2015. Accenture plc (NYSE:ACN) stock hit highest price at $98.72, beginning with a price of $98.29 and reported a loss of -0.74% to close at $97.33 with a day range of $96.51-$98.72.

Xoom Corporation (NASDAQ:XOOM) actively swings in previous trading session as PayPal Inc on decided to purchase Xoom Corp (XOOM), a digital money transfer provider, for $25 a share in cash or an around $890M enterprise value. The contract represents a premium of 32% in excess of Xoom’s three-month volume-weighted average price. The contract, anticipated to close in the Q4 of 2015. It was unanimously approved by the boards of of both companies, as well as the board of eBay Inc (EBAY), PayPal’s parent company. Dan Schulman, President of PayPal, said, “Acquiring Xoom allows PayPal to offer a broader range of services to our global customer base… Xoom’s presence in 37 countries – in particular, Mexico, India, the Philippines, China and Brazil – will help us accelerate our expansion in these important markets.” Xoom Corporation (NASDAQ:XOOM) stock has highest price of $25.50 in last session, beginning with a price of $25.00 and reported an advance of 21.01% to close at $25.05 with a day range of $24.97-$25.50. The stock is going forward its 52-week low with 90.64% and moving down from its 52-week high price with -11.17%.


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