Unusual Volume: Molson Coors Brewing Company (NYSE:TAP), UBS (NYSE:UBS), Cousins Properties (NYSE:CUZ), Chimera Investment (NYSE:CIM), Lloyds Banking Group (NYSE:LYG)

Technology Stocks News 19

Molson Coors Brewing Company (NYSE:TAP) saw unusually-high trading volume on Wednesday after Zacks upgraded the stock from an underperform rating to a buy rating, StockRatingsNetwork.com reports. Zacks now has a $80.00 price target on the stock, up from their previous price target of $55.00. Molson Coors Brewing Company (NYSE:TAP) stock performance was 1.92% in last session and finished the day at $72.07. Traded volume was 5.25million shares in the last session and the average volume of the stock remained 1.31million shares. The beta of the stock remained 0.82. Molson Coors Brewing Company (NYSE:TAP) insider ownership is 0.50%.

UBS AG (NYSE:UBS), Switzerland’s biggest bank, leapfrogged Morgan Stanley (MS:US) and Bank of America Corp. (BAC:US) to become the world’s largest wealth manager by client assets, according to a ranking compiled by PAM Insight SA. UBS AG (NYSE:UBS) dropped -2.06 percent to $19.97 Wednesday on volume of 5.57million shares. The intra-day range of the stock was $19.92 to $20.07. UBS AG (NYSE:UBS) has a market capitalization of $74.91billion.

On Wednesday, Cousins Properties Inc. (NYSE:CUZ), the Atlanta-based real estate investment trust (REIT), announced the closing of a fresh $500 million unsecured revolving credit facility. This replaces the existing $350 million facility scheduled to mature in Feb 2016. The new credit facility will mature in May 2019. Cousins Properties Inc (NYSE:CUZ)’s stock on June 11, 2014 reported a decrease of -0.16% to the closing price of $12.28. Its fifty two weeks range is $9.30 -$12.43. The total market capitalization recorded $2.44billion. The overall volume in the last trading session was 5.55million shares. In its share capital, CUZ has 198.42million outstanding shares.

Chimera Investment Corporation (NYSE:CIM) has declared its quarterly-dividend of $0.09 per share/ $0.36 annualized. This dividend will be payable on 24 July 2014, to the stockholders who are of record on 30 June 2014, with the ex-dividend date of 26 June 2014.The annual yield on this dividend is 11.4%.The Company ha s also announced that the estimated 31 March 2014 GAAP book-value was $3.27/ share & that its economic book-value was $3.01/ share, in comparison to the 31 December 2013 GAAP book-value of $3.24 per share & the economic book value of $2.82/ share. On Wednesday, shares of Chimera Investment Corporation (NYSE:CIM) dropped -0.93% to close the day at $3.20. Company return on investment (ROI) is 5.40% and its monthly performance is recorded as 3.90%. Chimera Investment Corporation (NYSE:CIM) quarterly revenue growth is 4.58%.

The recent moves to cap loan-to-income ratios by Lloyds Banking Group PLC (ADR) (NYSE:LYG) and Royal Bank of Scotland could be a sign of things to come from the Bank of England in their efforts to cool the housing market, according to mortgage experts. Lloyds Banking Group PLC (ADR) (NYSE:LYG) stock performance was 1.87% in last session and finished the day at $5.44. Traded volume was 27.85million shares in the last session and the average volume of the stock remained 3.31million shares. The beta of the stock remained 1.71.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone