Notable Movers: Layne Christensen Company (NASDAQ:LAYN), HSBC Holdings (NYSE:HSBC), Barclays (NYSE:BCS), Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C)

Technology Stocks News 8

Layne Christensen Company (NASDAQ:LAYN) was down 12.75% after reporting a Q1 net loss of $27.7 million, or $1.41 per share, compared with a prior-year net loss of $23.8 million, or $1.22 per share. The prior-year results included a $0.02 gain from discontinued operations. Analysts polled by Capital IQ were looking for a loss of $0.35 per share. Total revenue slid 16% to $191.2 million, missing analysts’ mean estimate of $207 million. The company also said it is taking new steps to improve its results, including evaluating its alternatives regarding under-performing assets and businesses. Layne Christensen Company (NASDAQ:LAYN) stock performance was -14.16% in last session and finished the day at $12.79. Traded volume was 786.10K shares in the last session and the average volume of the stock remained 147.24K shares. The beta of the stock remained 0.87. Layne Christensen Company (NASDAQ:LAYN) insider ownership is 0.30%.

HSBC Holdings Plc. (ADR) (NYSE:HSBC) said Pat Burke will take over as head of its U.S. business in November after spending the last four years in charge of reducing its consumer loan book there. HSBC Holdings Plc. (ADR) (NYSE:HSBC) said Patrick Burke, 52, has been appointed President and Chief Executive of HSBC US with effect from November 1. HSBC Holdings plc (ADR) (NYSE:HSBC) dropped -0.46 percent to $52.01 Monday on volume of 1.12million shares. The intra-day range of the stock was $51.91 to $52.15. HSBC Holdings plc (ADR) (NYSE:HSBC) has a market capitalization of $195.87billion.

Barclays PLC (ADR) (NYSE:BCS)’s stock on June 16, 2014 reported a decrease of -0.49% to the closing price of $16.13. Its fifty two weeks range is $15.32 -$19.98. The total market capitalization recorded $66.09billion. The overall volume in the last trading session was 1.34million shares. In its share capital, BCS has 4.09billion outstanding shares.

Casino shares dropped in Hong Kong. LG Display Co. (034220), a supplier of panels for Apple Inc., jumped 6.4 % in Seoul after Macquarie Group Ltd. recommended the stock. Mitsubishi UFJ Financial Group Incorporated added 1.2 % after Bank of America Corp. (NYSE:BAC)’s Merrill Lynch unit recommended buying the shares. On Monday, shares of Bank of America Corp (NYSE:BAC) dropped -1.04% to close the day at $15.28. Company return on investment (ROI) is 7.20% and its monthly performance is recorded as 5.02%. Bank of America Corp (NYSE:BAC) quarterly revenue growth is -10.70%.

Citigroup Inc (NYSE:C) will issue its second quarter results via press release at approximately 8 a.m. (ET) on Monday, July 14, 2014. At 10 a.m. (ET), results will be reviewed via live webcast and teleconference. Citigroup Inc (NYSE:C) stock performance was 0.11% in last session and finished the day at $47.64. Traded volume was 12.79million shares in the last session and the average volume of the stock remained 22.16million shares. The beta of the stock remained 1.91. Citigroup Inc (NYSE:C) insider ownership is 0.10%.

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