Hot Movers: Citigroup Inc (NYSE:C), General Electric(NYSE:GE), FedEx (NYSE:FDX), AOL (NYSE:AOL), Adobe Systems Incorporated (NASDAQ:ADBE)

Technology Stocks News 18

Citigroup Inc. (NYSE:C), the third-biggest bank by assets in the U.S., revealed in an e-mailed statement today that it appointed Mr. Mark Slaughter as a corporate and investment banking Chief in Asia, succeeding Mr. Farhan Faruqui, who left the company last month. One of the bank’s spokesmen – Mr. James Griffiths – explained that Mr. Slaughter started in Hong Kong this week. Citigroup Inc (NYSE:C) stock performance was 0.29% in last session and finished the day at $47.93. Traded volume was 14.47million shares in the last session and the average volume of the stock remained 22.00million shares. The beta of the stock remained 1.91. Citigroup Inc (NYSE:C) insider ownership is 0.10%.

General Electric Company (NYSE:GE) said it will improve its bid for France’s Alstom with job guarantees, more investment and technology, but will not increase the cash component of the offer. General Electric Company (NYSE:GE) rose 0.07 percent to $26.89 Wednesday on volume of 26.21million shares. The intra-day range of the stock was $26.69 to $26.94. General Electric Company (NYSE:GE) has a market capitalization of $269.65billion.

FedEx Corporation (NYSE:FDX) jumped 6.2 percent after the company posted upbeat fourth-quarter results and forecast its full-year net profit above market expectations. FedEx Corporation (NYSE:FDX)’s stock on June 18, 2014 reported a increase of 6.16% to the closing price of $148.95. Its fifty two weeks range is $94.60 -$149.37. The total market capitalization recorded $44.02billion. The overall volume in the last trading session was 5.65million shares. In its share capital, FDX has 295.52million outstanding shares.

The mass-media company AOL Inc. (NYSE:AOL) recently selected the manufacturer of custom glass and tile mosaics to represent Virginia in its “This Built America” series, which profiles visionaries — one from each state — in the rejuvenation of U.S. manufacturing. On Wednesday, shares of AOL, Inc. (NYSE:AOL) advanced 1.66% to close the day at $37.45. Company return on investment (ROI) is 4.10% and its monthly performance is recorded as 1.77%.  AOL, Inc. (NYSE:AOL) quarterly revenue growth is -13.21%.

Adobe Systems Incorporated (NASDAQ:ADBE) reported second quarter financial results that beat the consensus estimates of Wall Street analysts, which propelled its stock price higher. The shares of the software maker closed $73.08 per share, up by more than 8% on Wednesday. Adobe Systems Incorporated (NASDAQ:ADBE) stock performance was 8.20% in last session and finished the day at $73.08. Traded volume was 11.38million shares in the last session and the average volume of the stock remained 3.84million shares. The beta of the stock remained 1.27. Adobe Systems Incorporated (NASDAQ:ADBE) insider ownership is 0.10%.

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