Wall Street News Alert's "stocks to watch" this morning are: Unity
Management Group Inc. (PINKSHEETS: UYMG), Gilead Sciences, Inc.
(NASDAQ: GILD), UnitedHealth Group (NYSE: UNH) and CIGNA (NYSE:
CI).
This morning, Unity Management Group Inc. (PINKSHEETS: UYMG)
issued a press release announcing that its Board has agreed to
again retire and eliminate 140,000,000 shares from its treasury of
authorized shares, which was 240,000,000. The new amount of
authorized shares is 100,000,000. The Company's share structure
will now be 100,000,000 authorized and 87,035,620 outstanding, with
corrected 43,439,460 in the float.
"We are continuing our efforts to stick to our plan of
structuring out this Company for the benefit of its Shareholders
and Investors, keeping them priority one," said Alex Berkovich,
President of Unity Management Group Inc., "and keeping to our
strict plans for the future of UMGI."
"We will be able to fast track our whole operation with this
additional venture," said Alex Berkovich, President of Unity
Management Group Inc. "To bring this kind of talent and with the
years of collective experience in the healthcare field together is
incredible. There is no value you can put on this."
We feel that this is one more important step in the longevity
and the growth of the company.
The stock closed yesterday at Two cents per share
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Gilead Sciences, Inc. (NASDAQ: GILD) as of 11:15 am EST. up 2.1%
on 7.1 million shares traded. Gilead Sciences is a
biopharmaceutical company that discovers, develops and
commercializes innovative therapeutics in areas of unmet medical
need.
UnitedHealth Group (NYSE: UNH) as of 11:15 am EST. down 0.6% on
2.9 million shares traded. UnitedHealth Group is a diversified
health and well-being company dedicated to making health care work
better.
CIGNA (NYSE: CI) as of 11:15 am EST. up 0.3% on 1.6 million
shares traded. CIGNA is a global health service company, is
dedicated to helping people improve their health, well being and
sense of security.
Market Commentary: The rate of construction of single-family
homes and apartment buildings rose 5.8 percent last month to a
seasonally adjusted annual rate of 672,000, the Commerce Department
said Tuesday. But with tax credits having expired, the outlook is
cloudy as builders scale back.
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