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Vale SA (ADR)(NYSE:VALE) shares jumped 2.10% to $18.92.The Company, on Feb. 18, annluced that it has declared force majeure (FM) on a number of its coal sales contracts as on February 15, 2013 and is communicating with customers as required under its agreements with them. So far, the Company estimates a loss of approximately 250,000 metric tons in metallurgical coal shipments. It will disclose further information related to the evolution of these events until the situation has been normalized.
Can VALE Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
Annaly Capital Management, Inc. (NYSE:NLY) stock increased 0.91% to $15.45. Thestreet reissued their buy rating on shares of NLY in a research report released on Feb. 19.
Additionally, the company, on Feb. 6, reported a fourth-quarter GAAP net income of $700.5 million or $0.68 per share from $445.6 million or $0.44 per share in the year ago quarter. Net interest income for the quarter declined to $571.17 million from $717.56 million in the prior year. Analysts expected the company to report earnings of $0.35 per share for the quarter.
How Should Investors Trade NLY After The Recent Volatile Moves? Find Out Here
Affymax, Inc. (NASDAQ:AFFY) shares declined 2.06% to $2.62. Affymax and Takeda Pharmaceutical announced this week that they have decided to voluntarily recall all lots of OMONTYS Injection to the user level, as a result of new postmarketing reports regarding serious hypersensitivity reactions, including anaphylaxis.
Additionally, JMP Securities lowered shares of AFFY from an outperform rating to an underperform rating in a research report released this week. JMP Securities currently has $2.50 price target on the stock.
Is AFFY Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
Mondelez International Inc (NASDAQ:MDLZ) shares climbed 0.31% to $27.65. The company last week said it was recalling varieties of its belVita breakfast biscuits in the United States and Puerto Rico due to possible contamination with flexible metal mesh. The company, a subsidiary of Mondelez International Inc, said the voluntary recall involves Apple Cinnamon and Chocolate varieties of the biscuits. Mondelez said in a statement that the recall was ordered after a third-party supplier notified it of mesh debris from a faulty screen at its facility.
Can MDLZ Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
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