Stocks in Focus: International Paper Company (NYSE:IP), PMC-Sierra (NASDAQ:PMCS), United Bancshares (NASDAQ:UBOH), Pinnacle Entertainment Inc. (NYSE:PNK), QCR (NASDAQ:QCRH)

Technology Stocks News 14

Years of North American restructuring and plant closings are paying off for International Paper Company (NYSE:IP) but the global economic slowdown and geopolitical conflict have become short-term threats to the company’s growth strategy abroad, Chief Executive John Faraci said in an interview with The Wall Street Journal. International Paper Company (NYSE:IP)’s stock on 31 July traded at beginning with a price of $48.02 and when day-trade ended the stock finally moved down -1.49% to end at $47.50. International Paper Company (NYSE:IP)’s showed weekly performance of -6.22%.

PMC-Sierra Inc. (NASDAQ:PMCS) designs, develops, markets, and supports semiconductor solutions for communications network infrastructure worldwide. Its semiconductor devices enable networking equipment primarily in three markets: storage, optical, and mobile networks. The company’s storage products comprise RAID-on-Chip, controllers, expanders, loop switches/microprocessors, physical layer products, and MIPs processors that enable high-speed communication servers, switches, and storage devices to store, manage, and move large quantities of data. PMC-Sierra Inc. (NASDAQ:PMCS) on Thursday closed at $6.73. Stock institutional ownership is 92.60% while insider ownership includes 0.80%. PMC-Sierra Inc. (NASDAQ:PMCS) distance from 50-day simple moving average (SMA50) is -7.86%.

On July 1, 2014, the Corporation, Ohio State Bancshares, Inc. and United Bancshares Inc. (NASDAQ:UBOH) entered into a Stock Purchase Agreement (the “Purchase Agreement”) pursuant to which United will purchase from OSB all of the issued and outstanding shares of The Ohio State Bank (“Ohio State Bank”), an Ohio banking corporation and wholly-owned subsidiary of OSB. Rbancshares is a majority shareholder of OSB. Under the terms of the Purchase Agreement, United will acquire Ohio State Bank for consideration that includes the assumption of OSB’s $3.0 million Trust Preferred Stock plus unpaid accrued interest thereon, repayment of approximately $550,000 of senior debt as well as a cash payment equal to approximately 50% of Ohio State Bank’s tangible capital at closing, after certain adjustments. United Bancshares Inc. (NASDAQ:UBOH)’s shares on Thursday traded in the range of 14.50 – 14.85and ended up on $14.83. United Bancshares Inc. (NASDAQ:UBOH) distance from 200-day simple moving average (SMA200) is 2.40%. UBOH’s sales growth for past 5 years was -10.80% and its EPS growth for past 5 years was 1.10%.

Orange Capital issued a statement in regards to its investment in the shares of Pinnacle Entertainment Inc. (NYSE:PNK), stating in part: “On April 16, 2014 Orange Capital sent a letter to Mr. Anthony Sanfilippo, Pinnacle’s CEO, outlining a compelling case for the Company to separate its owned real estate into an independent publicly listed real estate investment trust which would be distributed to shareholders via a tax-free spin-off. Pinnacle Entertainment Inc. (NYSE:PNK)’s stock on 31 July moved down -1.36% to the closing price of $21.80. Its fifty two weeks range is $20.33 – 26.77. The total market capitalization recorded $1.299B. Pinnacle Entertainment Inc. (NYSE:PNK) monthly performance is -14.58%.

On July 23, 2014 the QCR Holdings Inc. (NASDAQ:QCRH)  issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. QCR Holdings Inc. (NASDAQ:QCRH) on Thursday closed at $17.16. Stock institutional ownership is 16.10% while insider ownership includes 6.60%. QCR Holdings Inc. (NASDAQ:QCRH) distance from 50-day simple moving average (SMA50) is 0.04%.

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