New Highs: Rentech, Inc. (NASDAQ:RTK), Hersha Hospitality Trust (NYSE:HT), Stillwater Mining Company (NYSE:SWC), BP plc (ADR) (NYSE:BP), SanDisk Corporation (NASDAQ:SNDK)

Technology Stocks News 13

Rentech, Inc. (NASDAQ:RTK), announced on May 13, 2014 financial and operating results for the three months ended March 31, 2014. D. Hunt Ramsbottom, president and CEO of Rentech, said, “One year ago, we announced our wood fibre strategy when we acquired Fulghum Fibres. Fulghum Fibres’ cash flow has proven to be stable and the business is running as expected. Rentech, Inc. (NASDAQ:RTK) stock performance was 5.29% in last session and finished the day at $2.39. Traded volume was 5,295,339 shares in the last session and the average volume of the stock remained 2.87 million shares. The beta of the stock remained 3.13. Rentech, Inc. (NASDAQ:RTK) insider ownership is 2.80%.

Hersha Hospitality Trust (NYSE:HT) announced that the company has entered into a definitive agreement to purchase the 148-room Parrot Key Hotel & Resort in Key West, FL for $100M. Parrot Key is situated on 5 oceanfront acres and is the most recently built waterfront hotel boasting the largest rooms and the most oceanfront suites in Key West. The hotel operated at an average daily rate of $230.52 and occupancy of 92.3% in 2013. The Key West market is currently forecasted as one of the strongest RevPAR growth markets in the country and the property is forecasting RevPAR growth in excess of 10% for 2014. Hersha Hospitality Trust (NYSE:HT) rose 3.76 percent to $6.34 yesterday on volume of 3,990,319 shares. The intra-day range of the stock was $6.10 to $6.34. Hersha Hospitality Trust (NYSE:HT) has a market capitalization of $1.27 billion.

Stillwater Mining Company (NYSE:SWC) shot up on Wednesday, as investors look for alternative suppliers of PGMs amid predictions of a largest market deficit for the precious metals in more than 30 years. Stillwater boasts more than 22 million ounces in PGM reserves, 80% of it palladium. Last week the company signed a 5-year sales agreement with refiner and autocatalyst manufacturer Johnson Matthey that also resulted in a $17-22 million cash injection. Stillwater Mining Company (NYSE:SWC)’s stock on May 21, 2014 reported an increase of 4.08% to the closing price of $17.36. Its fifty two weeks range is $9.78 -$17.37. The total market capitalization recorded $2.08 billion. The overall volume in the last trading session was 3,821,872 shares. In its share capital, Stillwater Mining Company (NYSE:SWC) has 119.80 million outstanding shares.

BP plc (ADR) (NYSE:BP) today said it is appealing to the US Supreme Court over a ruling on Monday supporting compensation claims for certain businesses affected by the 2010 Gulf of Mexico oil spill. The company argues that the terms of its original compensation agreement are being misinterpreted and it is now expected to pay out to unwarranted claims over events that were not connected to the Deepwater Horizon incident. On Wednesday, shares of BP plc (ADR) (NYSE:BP) advanced 1.10% to close the day at $51.47. Company return on investment (ROI) is 4.40% and its monthly performance is recorded as 2.06%. BP plc (ADR) (NYSE:BP) quarterly revenue growth is 4.42%.

SanDisk Corporation (NASDAQ:SNDK), a global leader in flash storage solutions, announced today that the company’s Trademark, Advertising and Brand Protection group has won the “North America Team of The Year” award by the World Trademark Review (WTR). SanDisk Corporation (NASDAQ:SNDK) stock performance was1.48% in last session and finished the day at $92.72. Traded volume was 2,788,954 shares in the last session and the average volume of the stock remained 3.81 million shares. The beta of the stock remained 1.33. SanDisk Corporation (NASDAQ:SNDK) insider ownership is 0.24%.

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