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Los Angelas, CA -- (SBWIRE) -- 10/10/2012 -- AT&T Inc. (NYSE:T) is very active today and traded between $37.13 - 37.69 with total traded volume of 23389072 shares. At a current price of 37.14, T is -0.52 - -1.38% from the previous close of $37.66. Moreover, At Current Market Price, Tis in distance of -0.83% from its 50-day Moving Average price of $37.452 and +5.99% from its 200-day Moving Average price of $35.0425. AT&T Inc. (T: Quote) Tuesday announced an agreement with IBM to deliver a new, secure, network-enabled cloud service. The service, which sees the collaboration of AT&T's virtual private networking and IBM's SmartCloud Enterprise, is expected to launch in early 2013. Financial aspects of the deal, however, remain undisclosed. "AT&T and IBM are delivering a new, network-enabled cloud service that marries the security and speed of AT&T's global network with the control and management capabilities of IBM's enterprise cloud," stated Andy Geisse, CEO of AT&T Business Solutions. The cloud service primarily targeted at Fortune 1000 companies world-over, will make use of private networks and not the public Internet, said AT&T in a statement.
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General Motors Co (NYSE:GM) is -0.20 - -0.81% from the previous close of $24.57. It traded between $24.265 - 24.8584 with total traded volume of 7209905 shares. Keep a close eye on GM, as the stock has been showing unusual moves over the past weeks. At Current market price, GM has recovered +30.18% from its 52-week Low of 18.72 and has Pulled back -11.96% from its 52-week high of 27.68. General Motors Company (NYSE:GM) has decided that it is the time to intervene on the computer technology to its in-house system. Due to the company’s low profile image in the tech field, the automobile giant has decided to develop its own software and present some of the most amazing, advanced and nail biting gizmos for its cars. To lead the auto mobile industry with the most incredible technology, General Motors Company (GM) has planned to hire 10,000 computer experts in the coming 3-5 years. The plan of developing its own software is against the tradition of buying software from other companies. Pundits review the move as a new trend among automobile manufacturers as it’s the software these days that can prove to be the deciding factor.
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Goldman Sachs Gro (NYSE:GS) is +0.17 - +0.14% from the previous close of $119.46. It traded between $119.02 - 120.74 with total traded volume of 3267089 shares. At Current Market Price, GS is in distance of +5.24% from its 50-day Moving Average price of $113.673 and +12.95% from its 200-day Moving Average price of $105.918. Analysts' estimates for Goldman's third quarter have been rising in recent weeks on the expectation for strong results from bond underwriting and fixed income trading, which has long been the firm's biggest revenue-generator. Bond activity is expected to overcome anticipated weakness in advisory services and equity trading. Goldman is also seen posting gains in its investment portfolio, which is part of its investing and lending segment. The portfolio has led to steep losses in recent quarters, and Goldman has been selling down its stake in companies like Industrial and Commercial Bank of China Ltd.
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Citigroup, Inc. C (NYSE:C) reported EPS of 3.452. For the Current Fiscal year, the company is expected to report EPS of 4.08. For the Next Quarter and Next Year, the company is expected to report EPS of 1.00 and 4.53 respectively. At Current Market Price, C is in distance of +7.00% from its 50-day Moving Average price of $32.3363 and +14.81% from its 200-day Moving Average price of $30.1367. Citigroup Inc.(NYSE:C) shares increased 0.03% and closed at $34.78 in yesterday’s session after Barclays Capital reiterated their overweight rating on shares of Citigroup in a research report sent to investors on Friday morning. The firm currently has a $46.00 price target on the stock. Additionally, Equities researchers at Guggenheim began coverage on shares of Citigroup in a report issued last week. The firm set a “buy” rating and a $45.00 price target on the stock.
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