Basic Material Most Active Stocks: Alcoa Inc (NYSE:AA), Exxon Mobil Corporation (NYSE:XOM), Kinross Gold (NYSE:KGC), Marathon Oil (NYSE:MRO)

Technology Stocks News 14

Alcoa Inc (NYSE:AA) kicked off the U.S. earnings season, gaining after markets closed as it posted better-than-estimated results. The largest U.S. producer of aluminum forecast global demand will exceed production this year, projecting an end to an almost decade-long surplus driven by Chinese output. Alcoa Inc (NYSE:AA) stock performance was 0.48% in last session and finished the day at $12.53. Traded volume was 29.57million shares in the last session and the average volume of the stock remained 29.40million shares. The beta of the stock remained 1.82. Alcoa Inc (NYSE:AA) insider ownership is 0.20%.

The $9 billion in punitive damages awarded by the jury against Takeda and Eli Lilly exceed the $5 billion penalty that a jury in Alaska imposed on Exxon Mobil Corporation (NYSE:XOM) for the Exxon Valdez oil spill in 1989. The U.S. Supreme Court ruled in 2008 that the previous Exxon Corporation (NYSE:XOM) Valdez award had been “excessive.” The company was ultimately ordered to pay $500 million. That and other rulings have been read as limiting punitive damages in federal cases. Exxon Mobil Corporation (NYSE:XOM) rose 0.69 percent to $97.45 Tuesday on volume of 10.25million shares. The intra-day range of the stock was $96.75 to $97.88. Exxon Mobil Corporation (NYSE:XOM) has a market capitalization of $421.10billion.

Equities researchers at Morgan Stanley decreased their target price on shares of Kinross Gold Corporation (USA) (NYSE:KGC) from $5.75 to $5.25 in a research report issued on Tuesday, AR Network reports. nalysts at Goldman Sachs upgraded shares of Kinross Gold Corporation (USA) (NYSE:KGC) from a “sell” rating to a “neutral” rating in a research note. Kinross Gold Corporation (USA) (NYSE:KGC)’s stock on Apr 08, 2014 reported a decrease of -0.70% to the closing price of $4.23. Its fifty two weeks range is $4.01 -$7.32. The total market capitalization recorded $4.84billion. The overall volume in the last trading session was 14.84million shares. In its share capital, KGC has 1.14billion outstanding shares.

Lee M. Tillman, Marathon Oil Corporation (NYSE:MRO)’s president and CEO said that “strong fourth quarter operating results were offset by decreased price realizations, particularly in the U.S. and Canada.” Nonetheless, management projects a growth in resource play production in excess of 30%, and total company production growth of 4% for 2014. On Tuesday, shares of Marathon Oil Corporation (NYSE:MRO) advanced 1.06% to close the day at $35.27. Company return on investment (ROI) is 7.20% and its monthly performance is recorded as 2.83%. Marathon Oil Corporation (NYSE:MRO) quarterly revenue growth is 1.70%.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone