NYSE Movers: Bank of America (NYSE:BAC), General Electric Company (NYSE:GE), Advanced Micro Devices (NYSE:AMD), Citigroup Inc (NYSE:C), Vale SA (NYSE:VALE)

Technology Stocks News 17

The Bank of America Corporation (NYSE:BAC) issued layoff notices to 540 Charlotte employees. The job cut has been in the Legacy Asset Servicing division and it will impact 60% employees of that division in Charlotte. Bank of America Corp (NYSE:BAC) stock performance was -0.39% in last session and finished the day at $15.41. Traded volume was 66.82million shares in the last session and the average volume of the stock remained 80.82million shares. The beta of the stock remained 1.66. Bank of America Corp (NYSE:BAC) insider ownership is 0.03%.

General Electric Company (NYSE:GE) will spend $13.5 million over the next five years to help establish a $36 million turbine engine testing lab at the University of Notre Dame in South Bend, Ind. General Electric Company (NYSE:GE) dropped -0.47 percent to $26.29 Thursday on volume of 3.00million shares. The intra-day range of the stock was $26.20 to $26.46. General Electric Company (NYSE:GE) has a market capitalization of $263.63billion.

Advanced Micro Devices, Inc. (NYSE:AMD) on June 25 announce that Electronic Arts (EA) will support Mantle, AMD’s groundbreaking graphics API, in three new games: Battlefield Hardline™, Dragon Age: Inquisition™, and Plants vs. Zombies: Garden Warfare™. These join an extensive catalogue of more than 40 games that now support AMD’s revolutionary graphics API. All three of these games are powered by DICE’s cutting-edge engine, Frostbite 3. Advanced Micro Devices, Inc. (NYSE:AMD)’s stock on June 26, 2014 reported a increase of 1.77% to the closing price of $4.03. Its fifty two weeks range is $3.04 -$4.65. The total market capitalization recorded $3.07billion. The overall volume in the last trading session was 21.56million shares. In its share capital, AMD has 762.05million outstanding shares.

Citigroup Inc. (NYSE:C)’s Inflation Surprise Index for Japan, retreated in May for a third month, the longest run of declines since August 2012. Data today showed consumer prices excluding fresh food rose 3.4 percent last month, the most since 1982. On Thursday, shares of Citigroup Inc (NYSE:C) dropped -1.23% to close the day at $47.23. Company return on investment (ROI) is 8.20% and its monthly performance is recorded as -0.19%. Citigroup Inc (NYSE:C) quarterly revenue growth is -0.44%.

Vale SA (ADR) (NYSE:VALE) is higher after China reported better than expected June flash manufacturing PMI data, but while iron ore prices may incrementally firm up from Chinese demand, Credit Suisse cuts its iron ore price outlook as it does not foresee any real strength ahead without the kind of broad based stimulus package the current Chinese administration has disavowed. Vale SA (ADR) (NYSE:VALE) stock performance was 2.99% in last session and finished the day at $13.44. Traded volume was 18.57million shares in the last session and the average volume of the stock remained 18.99million shares. The beta of the stock remained 1.56.

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