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Los Angelas, CA -- (SBWIRE) -- 10/31/2012 -- Clearwire Corpora (NasdaqNM:CLWR) are trading at $1.90 and is +13.45% from its 50-day Moving Average price of $1.6747 and +31.58% from its 200-day Moving Average price of $1.444. The average trading volume is 20669100 shares and its market capitalization is $1.297B. Clearwire Corp. is looking to Huawei Technologies Co. Ltd. to supply equipment for its network upgrade next year, the Dallas Business Journal reports.In a surprising move, the U.S. government approved the deal, despite a House intelligence committee hitting the company with a report last month indicating distrust related to the company's ties to its homeland China's military and government. The committee advised U.S. businesses to not get involved with Huawei, the report says. Clearwire (Nasdaq: CLWR) technology chief John Saw said work with the Chinese company makes up less than 5 percent of Clearwire's total spending on the rollout of its 4G LTE network, the report says.
What's Going On With CLWR : Find Out Here
XPO Logistics, In (NYSE:XPO) is +0.70 - +5.54% from the previous close of $12.63. It traded between $12.65 - 13.406 with total traded volume of 521378 shares. At Current Market Price, XPO is in distance of +1.76% from its 50-day Moving Average price of $13.0992 and -12.05% from its 200-day Moving Average price of $15.1556.XPO Logistics, Inc. (NYSE: XPO) announced that it has acquired the operating assets of Turbo Logistics, Inc., the freight brokerage division of Ozburn-Hessey Logistics, LLC (OHL). The cash purchase price was $50 million, excluding any working capital adjustments, with no assumption of debt. The acquisition is expected to be immediately accretive to earnings. Founded in 1984, Turbo Logistics serves more than 600 customers through four locations: Gainesville, Ga.; Reno, Nev.; Chicago, Ill.; and Dallas, Texas. The company had 170 employees and trailing 12 months revenue of approximately $124 million as of September 30, 2012.
Can XPO Continue To Move Higher? Find Out Here
Phillips 66 Commo (NYSE:PSX) is +2.47 - +5.49% from the previous close of $45.03. It traded between $44.82 - 47.62 with total traded volume of 6123860 shares. At Current Market Price, PSX is in distance of +3.81% from its 50-day Moving Average price of $45.758 and +24.85% from its 200-day Moving Average price of $38.0446. Phillips 66 (NYSE: PSX) ended last week at a post-IPO high, as well as up about 40 percent in the past six months. This independent downstream energy company is headquartered in Houston and has a market cap of almost $30 billion. The dividend yield is more than two percent and the mean price target is more than 13 percent higher than the current share price. The stock has outperformed competitors Marathon Petroleum (NYSE: MPC) and Valero Energy (NYSE: VLO) over the past six months.
Is PSX going to move higher as many investors expect : Find Out Here
Bally Technologie (NYSE:BYI) is +2.59 - +5.48% from the previous close of $47.23. It traded between $47.19 - 51.16 with total traded volume of 1733063 shares. At Current Market Price, BYI is in distance of +4.91% from its 50-day Moving Average price of $47.4867 and +7.98% from its 200-day Moving Average price of $46.1395. Bally Technologies (NYSE: BYI) had its price target raised by Goldman Sachs to $56.50 in a research report sent to investors on Monday morning. “We remain Buy rated on Bally shares as we think there is more to go in the company’s product cycle. In the quarters ahead, we expect continued growth in gaming operations installed base, margin expansion in gaming equipment and a strong ramp in systems as several new contracts kick in. We are also modeling for continued share buybacks which magnify earnings growth.,” the firm’s analyst wrote.
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