NYSE Movers: Oracle Corporation (NYSE:ORCL), Vale (NYSE:VALE), Ford Motor Company (NYSE:F), Bank of America Corp (NYSE:BAC), Coach Inc (NYSE:COH)

Technology Stocks News 16

Oracle Corporation (NYSE: ORCL) has agreed to buy Micros Systems Inc (NASDAQ: MCRS) for $5.3 billion. Chief Executive Officer, Larry Ellison seeks to boost its slowing growth by expanding into hospitality and retail industries.   Oracle Corporation (NYSE:ORCL) stock performance was 0.69% in last session and finished the day at $41.10. Traded volume was 16.96million shares in the last session and the average volume of the stock remained 16.93million shares. The beta of the stock remained 1.30. Oracle Corporation (NYSE:ORCL) insider ownership is 25.00%.

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.The firm now forecasts iron ore to average only $90/ton in H2 of this year, and expects prices to average $89/ton next year and $87/ton in 2016. Vale SA (ADR) (NYSE:VALE) rose 2.33 percent to $13.16 Monday on volume of 17.88million shares. The intra-day range of the stock was $13.00 to $13.25. Vale SA (ADR) (NYSE:VALE) has a market capitalization of $67.82billion.

Ford Motor Company (NYSE:F) is taking a new approach to shipping its all-new full-size Ford Transit cargo vans and wagons to Ford dealerships across North America. The new medium- and high-roof Ford Transits are too tall to fit in the common two-story railcars used by auto manufacturers, so Ford said its engineers worked with railroads and railcar manufacturers to design this railcar that accommodates all the roof-height variations of the new Ford Transit. Ford Motor Company (NYSE:F)’s stock on June 23, 2014 reported a increase of 1.26% to the closing price of $16.88. Its fifty two weeks range is $14.30-$18.02. The total market capitalization recorded $67.44billion. The overall volume in the last trading session was 23.08million shares. In its share capital, F has 3.95billion outstanding shares.

Finally, analysts at Bank of America Corp (NYSE:BAC) reiterated a “positive” rating on shares of Corning in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company.  On Monday, shares of Bank of America Corp (NYSE:BAC) advanced 1.23% to close the day at $15.64. Company return on investment (ROI) is 7.20% and its monthly performance is recorded as 6.39%. Bank of America Corp (NYSE:BAC) quarterly revenue growth is -9.91%.

Coach Inc (NYSE:COH), the maker of high-end accessories, handbags, shoes and clothing, says it will close 70 retail stores, possibly by early next year. Coach Inc (NYSE:COH) stock performance was -2.04% in last session and finished the day at $34.02. Traded volume was 16.92million shares in the last session and the average volume of the stock remained 5.94million shares. The beta of the stock remained 1.16. Coach Inc (NYSE:COH) insider ownership is 0.80%.

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