Volatile Stocks in List: Cisco Systems, Inc. (NASDAQ:CSCO), YY Inc. (NASDAQ:YY), Fred’s, Inc. (NASDAQ:FRED)

April 25, 2023 8:47 pm7 commentsViews: 68

A worldwide leader in IT, Cisco Systems, Inc. (NASDAQ:CSCO) reported that a series of strategic commitments in the UK that will total more than $1B more than coming three to five years. The firm reported that the investment will support the coming phase of the country’s digitization aims. The firm’s commitment of $150M for Internet of Everything UK start-ups and venture capital equity investments will focus on key priorities for Cisco and the UK. These include applications of Internet of Everything technologies across the financial technologies, retail, and healthcare industries, and smart city development. Cisco reported that it will also support the UK government’s desire to redress the country’s North-South economic imbalance, with the addition of new centers of expertise, funded university collaborations, skills investments and expansion of Cisco’s apprenticeship programmers. Cisco Systems, Inc. (NASDAQ:CSCO) begun last trade with a price of $27.38 and throughout the trading session climbed at a high of $27.45. The day-trade ended with -1.35% to $26.99. The stock is going forward to its 52 week low with 22.70% and lagging behind from its 52 week high price with -9.58%. CSCO last month stock price volatility remained 1.55%.

YY Inc. (NASDAQ:YY) declared that it has received a non-binding proposal letter, dated July 9, 2015, from Jun Lei, Chairman of the Board, and David Xueling Li, director and Chief Executive Officer of YY. He is proposing a “going-private” transaction to acquire all of the outstanding ordinary shares of YY not already beneficially owned by the Buyer Group for $68.50 in cash per American depositary share or “ADS”, each representing 20 ordinary shares. The proposed purchase price represents a premium of approximately 17.4% to the closing trading price of the Company’s ADS on July 8th, 2015, the last trading day prior to the date hereof. According to the proposal letter, the Buyer Group intends to fund the consideration payable in the Transaction with a combination of debt and/or equity capital, and rollover equity in the Company. YY Inc. (NASDAQ:YY) stock price closed at $58.35 with the total traded volume of 3.83 Million shares. Its price to sales ratio ended at 4.68. Its market capitalization is 3.28 Billion. The stock owned by the Financial Institutions was 41.10% while by insiders was 21.74%.

Fred’s, Inc. (NASDAQ:FRED) released that its total sales surged 12 percent to $212.9M for the five-week period ended July 4, 2015, from $190.8M in June 2014. Excluding $7.4M from previous year’s June sales for 56 consequently closed locations, total sales surged 16 percent for the month. Comparable store sales for the month rose 1.6 percent. According to Jerry Shore, CEO, declared that the strong sales growth they experienced during June continued to reflect the recent expansion of our specialty pharmacy business, which accounted for around 11% of total sales. Fred’s, Inc. (NASDAQ:FRED) has the market capitalization of 720.61 Million. Shares of firm climbed 0.62% to close at $19.46 with the total traded volume of 224858. The firm has current ratio of 2.00 for the most recent quarter.

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