Hot Stocks: Office Depot Inc (NYSE:ODP), Bank of America Corp (NYSE:BAC), Ford Motor Company (NYSE:F), Oi SA (ADR) (NYSE:OIBR)

Technology Stocks News 14

Office Depot Inc (NYSE:ODP) is planning to close at least 400 U.S. stores, as its merger with OfficeMax resulted in an overlap of retail locations that can be consolidated. Office Depot Inc (NYSE:ODP) expects to close 150 stores this year, mostly in the fourth quarter. All of the store closures are anticipated to occur by the end of 2016. Office Depot Inc (NYSE:ODP) stock performance was 15.83% in last session and finished the day at $4.83. Traded volume was 61.33million shares in the last session and the average volume of the stock remained 8.63million shares. The beta of the stock remained 3.14. Office Depot Inc (NYSE:ODP) insider ownership is 1.50%.

Analysts at Bank of America Corp (NYSE:BAC) reiterated a “neutral” rating on shares of Midstates Petroleum Company in a research note. Bank of America Corp (NYSE:BAC) dropped -2.32 percent to $14.73 Tuesday on volume of 96.27million shares. The intra-day range of the stock was $14.72 to $15.03. Bank of America Corp (NYSE:BAC) has a market capitalization of $155.11billion.

Ford Motor Company (NYSE:F) has continued to drip-feed information surrounding its final FPV Falcon GT, confirming Drive’s exclusive report in March that the new model will have 351kW of power. Last month, Ford Motor Company (NYSE:F) officially announced its plan to farewell the famed GT badge with a limited edition dubbed GT-F set to go on-sale in June. Ford Motor Company (NYSE:F)’s stock on May 6, 2014 reported a /decrease of -1.14% to the closing price of $15.56. Its fifty two weeks range is $13.83 -$18.02. The total market capitalization recorded $61.99billion. The overall volume in the last trading session was 23.29million shares. In its share capital, F has 3.95billion outstanding shares.

Brazil based integrated telecommunication services provider Oi SA (ADR) (NYSE:OIBR) yesterday notified its shareholders in connection with its primary public offering of common as well as preferred shares (which also include shares in the form of American Depositary Shares as represented by ADR – American Depositary Receipts). On Tuesday, shares of Oi SA (ADR) (NYSE:OIBR) dropped -4.66% to close the day at $0.982. Company monthly performance is recorded as -26.72%. Oi SA (ADR) (NYSE:OIBR) quarterly revenue growth is -39.38%.

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