Dallas, TX -- (SBWIRE) -- 03/18/2013 -- Marketbuzzreport.com, 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:-
Illinois Tool Works Inc.(NYSE:ITW) shares gained 1.60% and closed at $62.23 in the previous trading session. The company, on Feb. 19, said it is exploring a sale or spin-off of its industrial packaging business. The industrial packaging unit, which had 2012 revenue of about $2.4 billion, designs and manufactures steel, plastic, and paper products used for bundling, shipping, and protecting transported goods. ITW has retained J.P. Morgan Securities and Goldman Sachs as financial advisers.
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ARMOUR Residential REIT, Inc.(NYSE:ARR) shares increased 1.59% to $6.37. The company, on Mar. 13, announced a second quarter 2013 monthly cash dividend rate for the Company's Common Stock of $0.07 per share. The Company also confirmed the Q2 2013 monthly cash dividends for the Company's Series A and Series B Preferred Stock.
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RPC, Inc.(NYSE:RES) shares climbed 1.59% to $16.61 in the last trading session. The 52 week trading range for the company is $8.75 - $17.40. The shares of the company gained 56% in the last one year. The Company provides a range of specialized oilfield services and equipment to independent and major oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.
Is RES a Strong Buying Opportunity After The Recent Slump? Find out Here
Cisco Systems, Inc.(NASDAQ:CSCO) stock gained 1.55% to $21.92. Standpoint Research lowered shares of CSCO from a buy rating to a hold rating in a report released on Mar. 12.
The company, this month, said that it has completed its acquisition of privately held Intucell, based in Ra'anana, Israel. Intucell provides advanced self-optimizing network software, which enables mobile carriers to plan, configure, manage, optimize and heal cellular networks automatically, according to real-time changing network demands.
Is CSCO a Strong Buying Opportunity After The Recent Slump? Find out Here
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