Market Movers : AbbVie Inc. (NYSE:ABBV), Wix.com Ltd. (NASDAQ:WIX), Citigroup Inc. (NYSE:C) Lincoln National Corporation (NYSE:LNC), TriCo Bancshares (NASDAQ:TCBK)

Technology Stocks News 8

AbbVie Inc. (NYSE:ABBV) said it intends to reconsider its recommendation to its shareholders to vote in favor of the 32 billion pound ($54.7 billion) merger with Shire Plc (SHP.L) due to the changing U.S. tax regulations. AbbVie Inc. (NYSE:ABBV) belongs to Healthcare sector. Its net profit margin is 21.70% and weekly performance is -3.73%. On last trading day company shares ended up $54.13. AbbVie Inc. (NYSE:ABBV) distance from 50-day simple moving average (SMA50) is -2.85%.

Stock analysts at Northland Securities assumed coverage on shares of Wix.Com (NASDAQ:WIX) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $22.00 price target on the stock. Northland Securities’ target price would suggest a potential upside of 23.39% from the stock’s previous close. Wix.com Ltd. (NASDAQ:WIX) shares decreased -0.12% in last trading session and ended the day at $16.48. WIX Gross Margin is 81.20% and its return on assets is -48.00%. Wix.com Ltd. (NASDAQ:WIX) quarterly performance is -8.80%.

Citigroup Inc. (NYSE:C) belongs to Financial sector. Its net profit margin is 14.50% and weekly performance is 0.39%. On last trading day company shares ended up $51.47. Citigroup Inc. (NYSE:C) distance from 50-day simple moving average (SMA50) is 0.67%.
issued a statement concerning the findings of an investigation into the activities of a legacy Banamex unit which provided personal security services: “In July, we directed an outside law firm to conduct an independent investigation into the activities of a legacy Banamex unit which provided personal security services in Mexico. The investigation included in-depth interviews, the extensive review of electronic and paper files, and forensic analysis of computers and electronic media. The investigation uncovered illegal conduct, including fraud in the range of USD $15 million, the unauthorized providing of security services to outside parties, and the use of intercepted telecommunications. The unit is being disbanded and security services will be provided by Citi’s global security function. We have also notified and are cooperating with law enforcement and regulators regarding this matter in the U.S. and Mexico.” c belongs to Financial sector. Its net profit margin is 14.50% and weekly performance is 0.39%. On last trading day company shares ended up $51.47. Citigroup Inc. (NYSE:C) distance from 50-day simple moving average (SMA50) is 0.67%.

Lincoln National Corporation (NYSE:LNC) announced the appointment of Tara Harkins as LFN’s vice president of Marketing, and Wendy Boyd as vice president of Channel Insurance Sales for Lincoln Financial Advisors (LFA). Lincoln National Corporation (NYSE:LNC) ended the last trading day at $48.24. Company weekly volatility is calculated as 2.51% and price to cash ratio as 8.35. Lincoln National Corporation (NYSE:LNC) showed a weekly performance of -5.50%.

TriCo Bancshares (NASDAQ:TCBK) on October 3, 2014 completed its previously announced merger with North Valley Bancorp (“North Valley”) (NASDAQ:NOVB). Immediately following the closing of the merger, North Valley Bank, a wholly-owned subsidiary of North Valley, merged with and into TriCo’s banking subsidiary, Tri Counties Bank. TriCo Bancshares (NASDAQ:TCBK) shares advanced 0.70% in last trading session and ended the day at $23.11. TCBK return on assets is 0.90%. TriCo Bancshares (NASDAQ:TCBK) quarterly performance is -1.24%.

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