Market Movers: CDW (NASDAQ:CDW), Verizon Communications (NYSE:VZ), China Eastern Airlines Corp. Ltd. (NYSE:CEA), SpartanNash Company (NASDAQ:SPTN), Apollo Residential (NYSE:AMTG)

Technology Stocks News 6

CDW Corporation (Nasdaq:CDW), a leading multi-brand technology solutions provider to business, government, education and healthcare, today announced that its wholly owned subsidiaries, CDW LLC and CDW Finance Corporation (together, the “Issuers”), have delivered a Notice of Redemption (the “Notice”) to holders of their outstanding 8% Senior Secured Notes due 2018 (the “Notes”). The Notice called for the redemption of all the currently outstanding $325.0 million aggregate principal amount of Notes. The redemption price of the Notes is 106.061% of the principal amount redeemed, which amount is equal to $1,060.61 per $1,000 principal amount, plus accrued and unpaid interest to, but not including, the redemption date, in accordance with the provisions of the indenture governing the Notes. The redemption date will be September 5, 2014. CDW Corporation (NASDAQ:CDW) belongs to Technology sector. Its net profit margin is 1.70% and weekly performance is 5.32%. On last trading day company shares ended up $32.69. CDW Corporation (NASDAQ:CDW) distance from 50-day simple moving average (SMA50) is 4.35%.

Analysts at Macquarie downgraded shares of Verizon Communications from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. Verizon Communications Inc. (NYSE:VZ) shares moved down -0.04% in last trading session and ended the day at $48.78. VZ Gross Margin is 62.60% and its return on assets is 6.20%. Verizon Communications Inc. (NYSE:VZ) quarterly performance is 0.31%.

On July 25,2014 In a first for the commercial aviation industry in China, China Eastern Airlines Corp. Ltd. (NYSE:CEA) has begun offering broadband connected flights over China using China Telecom Satellite aeronautical service and Panasonic Avionics Corporation’s (Panasonic) eXConnect system. On 18 August, China Eastern Airlines Corp. Ltd. (NYSE:CEA) shares advanced 0.53% and was closed at $17.01. CEA EPS growth in last 5 year was -34.75%. China Eastern Airlines Corp. Ltd. (NYSE:CEA) year to date (YTD) performance is -11.59%.

SpartanNash Company (the “Company”) reported financial results for the 12-week second quarter ended July 12, 2014.SpartanNash Company (NASDAQ:SPTN) ended the last trading day at $21.42. Company weekly volatility is calculated as 3.42%and price to cash ratio as 53.52. SpartanNash Company (NASDAQ:SPTN) showed a weekly performance of -2.46%.

Zacks lowered shares of Apollo Residential Mortgage (NASDAQ:AMTG) from an outperform rating to a neutral rating in a research report released on Monday morning. Zacks currently has $19.00 price objective on the stock. Apollo Residential Mortgage, Inc. (NYSE:AMTG) shares remains unchanged in last trading session and ended the day on $16.37. AMTG Gross Margin is 72.10% and its return on assets is 2.00%. Apollo Residential Mortgage, Inc. (NYSE:AMTG) quarterly performance is 2.83%.

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