Stocks Under Pressure: OCZ Technology Group, Vale SA, SolarCity Corp, Nokia Corporation, eBay Inc
NEW YORK, December 2, 2013 /PRNewswire/ --
Market Buzz Report, provides regular important stocks scanning, issues important stock news for OCZ Technology Group Inc. (NASDAQ: OCZ), Vale SA (NYSE: VALE), SolarCity Corp (NASDAQ: SCTY), Nokia Corporation (NYSE: NOK), eBay Inc (NASDAQ: EBAY).
OCZ Technology Group Inc.(NASDAQ: OCZ) shares declined 29.63% and closed at $0.11. The company on Nov. 27 said it had received an offer from Toshiba Corp to buy the company in a planned bankruptcy proceeding. OCZ shares tumbled as much as 80 percent on Wednesday after trading of the stock resumed on the Nasdaq. The stock had fallen 69 percent so far this year through Tuesday's close. OCZ, which has a market capitalization of $43 million, said it had "substantially completed" negotiations with Toshiba on an asset purchase agreement.
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Vale SA (NYSE: VALE) shares climbed 3.79% to $15.32. The company on Nov. 27 said that it agreed to pay 22.325 billion reais ($9.61 billion) in taxes on profit from overseas operations, accepting an offer from Brazil's government that cuts a disputed back-tax bill in half.
The world's largest producer of iron ore will spread payments over 15 years with 5.965 billion reais, or 27 percent of the total, due this month. The agreement came as Vale neared a deadline of Friday to either accept the government's discount offer or see it vanish.
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SolarCity Corp (NASDAQ: SCTY) shares gained 6.54% to $52.28. The company on Nov. 25 announced the opening of ten new operations centres in California. All are expected to be operational by the end of 2013, nearly doubling the company's locations in the state. The regional operations centers will expand solar services to new areas, reduce installation wait times, and contribute to state and local economies by creating jobs in a range of new locations. SolarCity will now have a location within 30 miles of more than 90 percent of the state's population. The company already has more than 2,100 employees in California, and is currently seeking to fill at least 260 additional job openings in the Golden State.
Additionally, the company on Nov. 21 announced that it has completed what is reported to be the first securitization of distributed solar energy assets. SolarCity completed a private placement in the amount of $54,425,000 with an interest rate of 4.80% and a scheduled maturity date of December 2026.
Free Urgent Insider Catalyst Report For SCTY Available Here: http://marketbuzzreport.com/index.php?code=SCTY (Or Copy and paste the URL into your browser)
Nokia Corporation (ADR)(NYSE: NOK) shares gained 0.62% to $8.06. Striking workers at a Nokia factory in southern China on Nov. 22 threatened to extend industrial action after the company terminated the contracts of 59 employees for failing to return to work. Hundreds of employees stopped work on Nov. 19, complaining of changes in the wake of Nokia's sale of its mobile phones business to U.S. software giant Microsoft. The striking workers said they are being forced to sign new contracts with worse terms of employment.
Free Urgent Insider Catalyst Report For NOK Available Here: http://marketbuzzreport.com/index.php?code=NOK (Or Copy and paste the URL into your browser)
Additionally, the company on Nov. 21 launched Nokia MixRadio with Play Me in 31 countries around the World. The free music streaming service learns from listening habits to deliver people a personalised radio station, at the single touch of a button. Nokia MixRadio builds on the acclaimed Nokia Music streaming service launched in 2011 to streamline the experience of discovering music on the go. It takes people straight to the music with a new 'Play Me' button, which delivers a personalized radio station that is unique to every user.
eBay Inc (NASDAQ: EBAY) shares climbed 2.47% to $50.52. The Weinstein Company (TWC) and eBay on Nov. 29 have teamed up this holiday season to offer VIP experiences and one-of-a-kind items for the 27 days following the Thanksgiving release of TWC's highly anticipated film, Mandela: Long Walk to Freedom.
Free Urgent Insider Catalyst Report For EBAY Available Here: http://marketbuzzreport.com/index.php?code=EBAY (Or Copy and paste the URL into your browser)
Additionally, eBay Enterprise, an eBay Inc. company, on Nov. 21 reported it has signed a multiyear agreement with Fifth & Pacific Companies, Inc., the designer and marketer of a portfolio of premium, global lifestyle brands. eBay Enterprise will provide fulfilment, warehouse and order management systems, payments, freight, and customer service solutions for kate spade New York, Kate Spade Saturday, Jack Spade, and Lucky Brand in U.S. and Canada.
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