Lakeway, TX -- (SBWIRE) -- 02/25/2013 -- vb-news.net, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Infosys Ltd ADR (NYSE:INFY) shares gained 4.51% to $53.48. Indiainfoline News Service, on Feb. 19, reported that Infosys Ltd announced that it has begun trading of its American Depositary Shares (ADS) on London and Paris markets. Accordingly, the Company announced that the Paris listing is on the NYSE Euronext Paris Professional Segment and is addressed to qualified investors. Infosys Ltd ADS trade on NYSE Euronext under the ticker symbol INFY. Infosys LTD began trading of its ADS on the New York Stock Exchange (NYSE) on December 12, 2012, also under the ticker symbol INFY. As an NYSE listed company, Infosys Ltd obtained its cross listing on the NYSE Euronext Paris Professional Segment through the Fast Path program.
How Should Investors Trade INFY After The Solid Jump? Let’s Find Out Here
Molson Coors Brewing Company (NYSE:TAP) shares jumped 4.47% and closed at $46.48 in the last trading session. Zacks restated their neutral rating on shares of Molson Coors in a research report sent to investors on Feb. 20. The firm currently has a $46.00 price target on the stock.
Additionally, the company, on Feb. 21, declared a regular quarterly dividend on its Class A and Class B common shares of US$0.32 per share, payable March 15, 2013, to shareholders of record on March 4, 2013. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company.
Is TAP Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
Marvell Technology Group Ltd. (NASDAQ:MRVL) stock increased 4.44% to $9.89. The company, on Feb. 21, reported a fiscal fourth-quarter profit of $50 million, or 9 cents a share, on $775 million in revenue. During the same period a year ago, Marvell earned $81 million, or 13 cents a share, on revenue of $743 million. Adjusted earnings were $104 million, or 19 cents a share. Analysts had forecast Marvell to earn 13 cents a share on sales of $721 million.
Is MRVL Buy After The Recent Price Movement? Find Out Here
Mohawk Industries, Inc. (NYSE:MHK) shares jumped 4.43% and closed at $106.74 in the last trading session. The company, on Feb. 21, reported fourth-quarter net earnings of $66.4 million or $0.95 per share, compared to $42.9 million or $0.62 per share in the year-ago quarter. Adjusted net earnings attributable to the company for the fourth quarter were $70.4 million or $1.01. Analysts expected the company to earn $0.95 per share. Net sales for the current fourth quarter rose 4% to $1.44 billion from $1.38 billion in the comparable quarter last year, while analysts had consensus revenue estimate of $1.43 billion for the fourth quarter.
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