Las Vegas, NV -- (SBWIRE) -- 10/17/2012 -- Beststocksdaily is one of leading U.S. stock update providers to valued investors. Following are the notable volume movers as reported by http://beststocksdaily.com/
Kite Realty Group Trust (NYSE:KRG) is currently trading at $5.59, 3.33% higher. The company increased public offering of 10.5 million common shares priced at a 3.7% discount to Tuesday's close. The real-estate investment trust said late Tuesday it planned to sell 9.5 million common shares to raise funds for debt repayments.
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PepsiCo, Inc. (NYSE:PEP) fell 0.26% to $70.12. The company said Wednesday third-quarter profit dropped 5% to $1.9 billion, or $1.21 a share, from $2 billion, or $1.25 a share, in the year-ago period. Quarterly revenue fell 5% to $16.65 billion. PepsiCo also said it’s on track to return more than $6 billion to stockholders through dividend payments and share buybacks in 2012. It expects $1 billion in productivity savings in 2012.
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Centene Corp (NYSE:CNC) jumped 10.46% to $38.64. The company planned to leave the Kentucky market next summer because it can't resolve differences with the state over high-cost problems that have plagued the business in recent months.
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Cree, Inc. (NASDAQ:CREE) among the gainers and the stock jumped 11.92% to $29.31 following the LED lighting company's fiscal first-quarter results. Late Tuesday, Cree reported earnings excluding one-time items of 27 cents a share, on revenue of $315.8 million, up from earnings of 25 cents a share on, $269 million in sales, in the same period a year ago. Wall Street analysts had forecast Cree to earn 26 cents a share on revenue of almost $318 million.
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