Orlando, FL -- (SBWIRE) -- 09/24/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Staples, Inc. (NASDAQ:SPLS), Overseas Shipholding Group Inc. (OTCMKTS:OSGIQ).
Staples, Inc. (NASDAQ:SPLS) stock dropped 0.41% to $14.75. The company announced on Sept. 10 that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on October 17, 2013, to shareholders of record on September 27, 2013.
Additionally, on Sep 17, 2013, Zacks Investment Research downgraded Staples, Inc. to a Zacks Rank #5 (Strong Sell). Separately,
Moreover, the company on Sept. 12 announced it will be opening a Development Center in Seattle. Staples' first west coast office dedicated to e-commerce and engineering will house teams responsible for driving major initiatives to enhance areas including next generation digital platforms, personalization, and big-data.
Are investors worried about the recent updates with SPLS? Find out with a free trend analysis HERE
Overseas Shipholding Group Inc. (OTCMKTS:OSGIQ) shares declined 32.02% to $2.25. On September 20, 2013, Overseas Shipholding Group, Inc. ("OSG" or the "Company") hereby discloses summary projections for its International and US Flag tanker and barge businesses to facilitate discussions among constituents in the Chapter 11 reorganization (the "Presentation"). By providing guidance with respect to management's current view of the business outlook, the Company believes it will more rapidly be able to coalesce constituents around a viable restructuring plan for the Company.
Additionally, the company on August 26 announced that it has filed with the Securities and Exchange Commission its annual report on Form 10-K for the year ended December 31, 2012 and its quarterly report on Form 10-Q for the quarter ending September 30, 2012. The filings include restated financial statements for years 2010 and 2011 and for the quarters ended March 31 and June 30, 2012, as well as adjustments for years starting in 2000.
Is OSGIQ going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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