Volatile Stocks in List: Micron Technology, Inc. (NASDAQ:MU), Cintas Corporation (NASDAQ:CTAS), Stericycle, Inc. (NASDAQ:SRCL)

April 26, 2023 5:57 am15 commentsViews: 105

Micron Technology, Inc. (NASDAQ:MU) might be a cheap date these days, other than even the troubled memory-chip maker can afford to have standards. The Republican Senator John McCain raised concerns regarding the possible national security implications of a proposed bid by a China’s Tsinghua Unigroup Ltd’s to acquire U.S. chip maker Micron Technology, and called for a thorough U.S. review. “I am concerned by the potential national security implications of a planned bid by a Chinese state-owned enterprise for Micron Technology, the last major American manufacturer of memory chips,” the head of the Senate Armed Services Committee said in response to a query from Reuters. “It is critical that any proposed takeover receive careful and thorough review by the Congress, the Department of Defense, and other U.S. government agencies,” he said.  Micron Technology, Inc. (NASDAQ:MU) has the market capitalization of 20.27 Billion. Shares of firm plunged -3.67% to close at $18.89 with the total traded volume of 41.88 Million. The firm has current ratio of 2.40 for the most recent quarter.

Cintas Corporation (NASDAQ:CTAS) agreed to sell its investment in Shred-it International Inc. to Stericycle, Inc. (SRCL) for consideration of about $550 million to $600 million before taxes. The deal is expected to close in the fourth quarter of 2015. Upon closing of the transaction, Shred-it will become a wholly owned subsidiary of Stericycle. During April 2014, Cintas formed the Shred-it partnership with Birch Hill Equity Partners and other shareholders of Shred-it International to combine Shred-it’s business with Cintas’ information destruction business. Under the partnership agreement, Cintas received $180.0 million in cash at the closing of the deal and retained 42% ownership of Shred-it. In May 2015, Cintas also received a $113.4 million dividend from Shred-it. Cintas Corporation (NASDAQ:CTAS) begun last trade with a price of $86.24 and throughout the trading session climbed at a high of $86.40. The day-trade ended with -0.23% to $86.08. The stock is going forward to its 52 week low with 41.68% and lagging behind from its 52 week high price with -2.44%. CTAS last month stock price volatility remained 1.13%.

Medical waste management company, Stericycle, Inc. (NASDAQ:SRCL) reported that it has decided to buy privately-held Shred-it International, a secure information destruction services provider, for $2.3 billion in cash. Stericycle, Inc. (NASDAQ:SRCL) stock price closed at $134.56 with the total traded volume of 577435 shares. Its price to sales ratio ended at 4.32. Its market capitalization is 11.44 Billion. The stock owned by the Financial Institutions was 92.20% while by insiders was 2.11%.


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