Market Movers – Verizon Communications (NYSE:VZ) , Linn Energy (NASDAQ:LINE) , Ellington Financial (NYSE:EFC) , LyondellBasell Industries (NYSE:LYB) , Carolina Financial (NASDAQ:CARO)

Technology Stocks News 15

Verizon Communications Inc, (NYSE:VZ) the largest U.S. wireless telecommunications company, on Tuesday reported better-than-expected quarterly revenue on a jump in wireless customers and a surge in tablet sales. The increase in customers is a boost for Verizon, which has been reluctant to follow rivals like T-Mobile US Inc which have discounted aggressively. Verizon Communications Inc. (NYSE:VZ) stock performance was 0.55% in last session and finished the day at $50.98. Traded volume was 15.04million shares in the last session and the average volume of the stock remained 15.17million shares. The beta of the stock remained 0.40. Verizon Communications Inc. (NYSE:VZ) insider ownership is 0.02%.

LINN Energy, LLC (NASDAQ:LINE) and LinnCo, LLC (LNCO) announced today that management will host a conference call on Thursday, August 7, 2014, at 10 a.m. Central (11 a.m. Eastern) to discuss the Company’s second quarter results. Prepared remarks by Mark E. Ellis, Chairman, President and Chief Executive Officer, and Kolja Rockov, Executive Vice President and Chief Financial Officer, will be followed by a question and answer session. Linn Energy LLC (NASDAQ:LINE) rose 0.55 percent to $31.15 Tuesday on volume of 1.08million shares. The intra-day range of the stock was $31.02 to $31.40. Linn Energy LLC (NASDAQ:LINE)  has a market capitalization of $10.32billion.

Ellington Financial (NYSE:EFC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday. They currently have a $22.50 price target on the stock. Zacks‘s price target points to a potential downside of 5.46% from the company’s current price. Ellington Financial LLC (NYSE:EFC)’s stock on July 22, 2014 reported a increase of 0.88% to the closing price of $24.00. Its fifty two weeks range is $21.12 -$24.95. The total market capitalization recorded $609.88million. The overall volume in the last trading session was 45,898.00million shares. In its share capital, EFC has 25.44million outstanding shares.

LyondellBasell Industries NV (NYSE:LYB)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Tuesday. They currently have a $103.00 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 4.23% from the company’s current price. On Tuesday, shares of LyondellBasell Industries NV (NYSE:LYB) advanced 0.92% to close the day at $102.15. Company return on investment (ROI) is 21.70% and its monthly performance is recorded as 2.00%. LyondellBasell Industries NV (NYSE:LYB) quarterly revenue growth is 10.36%.

Carolina Financial Corporation (NASDAQ: CARO) on 18 July 2014 announced that net income for the second quarter of 2014 was $2.2 million, or $.57 per share diluted, and $4.2 million, or $1.07 per share diluted, for the first half of 2014. Carolina Financial Corp (New) (NASDAQ:CARO) stock finished the day at $22.55. Traded volume was 11.00million shares in the last session and the average volume of the stock remained 1.89K shares.

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