NEW YORK, March 19, 2013 /PRNewswire/ --
According to analysts who were surveyed by Bloomberg, Apple Inc.
could be boosting its dividend by more than half. An average
estimate from six analysts is that Apple will most likely lift its
quarterly dividend to $4.14 a share.
The Dividend predictions from the analysts surveyed range from
$3.31 to $5.30 a share. At
$4.14 a share, it would be an annual
payout of $15.7 billion. Shares of
Apple closed up 2.72% on Monday, at $455.72.
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Incyte Corporation (Nasdaq: INCY) - Shares of INCY sank as low
as $21.61 on Monday. The stock closed
down 4.23%, making it one of the biggest decliners on the Nasdaq
composite yesterday. This was the biggest intra-day drop that
Incyte Corporation has seen in almost eight months. The drop came
after a patient on the Company's drug Jakafi (used for bone marrow
disease) developed a viral infection. Trading volume yesterday was
significantly higher than average at 8,912,920 shares
traded.
J. C. Penney Company, Inc. (NYSE: JCP) - JCP was one of the most
active stocks on the NYSE yesterday. Trading volume on Monday
soared to more than twice than the stock's average. The Company
closed at $16.44 with gains of 6.20%.
In intra-trading, J. C. Penney hit
as high as $17.17. This is the most
the stock has risen in almost a month. The big move came after an
analyst at ISI Group said the retailer could turn its top 300
stores into a real estate investment trust-like entity. A REIT
could be valued at about $40 a share,
with the remaining J.C. Penney
business worth about $6 a share, said
Omar Saad, an analyst at ISI
Group.
BlackBerry (Nasdaq: BBRY) - BlackBerry CEO Thorsten Heins called Apple's underlying
operating system outdated in an interview with an Australian
newspaper on Monday. In an interview with the Australian Financial
Review, Heins highlights the "fantastic job" Apple did in designing
the iPhone and other products, but is quoted as saying, "The user
interface on the iPhone, with all due respect for what this
invention was all about is now five years old." BlackBerry shares
were little changed on Monday, closing in the green up a modest
0.20%, at $15.02.
Glu Mobile, Inc. (Nasdaq: GLUU) - One of the biggest advancers
on the Nasdaq yesterday was Glu Mobile. The stock closed up 7.53%
at $3.5915. The move came after
Northland Capital Markets analyst Darren
Aftahi raised his rating on the mobile-gaming company from
"market perform" to "outperform". Aftahi said that based on the
games Glu Mobile has released this quarter, the company "has
substantially improved its hit rate for new new games," and there
is evidence Glu Mobile is seeing better-than-expected sales from
games for smartphones. Aftahi also raised his price target on Glu
Mobile's shares to $4.50. Volume
traded on Monday was about ten times higher than usual.
Ambow Education Holding Ltd. (NYSE: AMBO) - AMBO shares saw a
steep drop on Monday, falling as low as $1.19 in intra-day trading. The Company announced
that its Board of Directors received on March 15, 2013 a
non-binding "going private" proposal at $1.46 in cash for each ADS and $0.73 in cash for each Class A and Class B
ordinary share. The stock closed down 16.13% at $1.30. The Company provides educational and
career enhancement services in the
People's Republic of China.
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