Notice: Uninitialized string offset: 0 in C:\webapps\propertymentorgroup\wp-includes\class-wp-theme.php on line 1

Notice: Uninitialized string offset: 0 in C:\webapps\propertymentorgroup\wp-includes\class-wp-theme.php on line 1

Notice: Uninitialized string offset: 0 in C:\webapps\propertymentorgroup\wp-includes\rest-api\endpoints\class-wp-rest-taxonomies-controller.php on line 1

Notice: Uninitialized string offset: 0 in C:\webapps\propertymentorgroup\wp-includes\rest-api\endpoints\class-wp-rest-taxonomies-controller.php on line 1

Notice: Uninitialized string offset: 0 in C:\webapps\propertymentorgroup\wp-includes\rest-api\endpoints\class-wp-rest-application-passwords-controller.php on line 1

Notice: Uninitialized string offset: 0 in C:\webapps\propertymentorgroup\wp-includes\rest-api\endpoints\class-wp-rest-application-passwords-controller.php on line 1

Notice: Uninitialized string offset: 0 in C:\webapps\propertymentorgroup\wp-includes\block-patterns.php on line 1

Notice: Uninitialized string offset: 0 in C:\webapps\propertymentorgroup\wp-includes\block-patterns.php on line 1
Why Trader’s Are Watching: J C Penney Company (NYSE:JCP), Hertz Global (NYSE:HTZ), Electro Rent (NASDAQ:ELRC), Alibaba (NYSE:BABA), 21Vianet Group (NASDAQ:VNET), FMX - Property Mentor Group

Property Mentor Group

Why Trader’s Are Watching: J C Penney Company (NYSE:JCP), Hertz Global (NYSE:HTZ), Electro Rent (NASDAQ:ELRC), Alibaba (NYSE:BABA), 21Vianet Group (NASDAQ:VNET), FMX

An issue of J C Penney Company (NYSE:JCP) debt rose 2.6% against its face value during trading on Monday, American Banking News.com reports. The debt issue has a 6.375% coupon and is set to mature on October 15, 2036. The bonds in the issue are now trading at $72.25. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price. On Friday shares of J C Penney Company Inc (NYSE:JCP) closed at $7.44. Company’s sales growth for last 5 years was -8.50%.

The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of Hertz Global Holdings, Inc. (NYSE:HTZ). Hertz is a Florida-based company that provides rental car services worldwide. Hertz Global Holdings, Inc. (NYSE:HTZ) in last trading activity moved down -0.14% to close at $21.28. Company weekly performance is -9.22% while its quarterly performance stands at 2.06%. Hertz Global Holdings, Inc. (NYSE:HTZ) is -32.68% away from its 52 week high.

Electro Rent Corpo. (NASDAQ:ELRC) reported net income for the second quarter of $4.8 million or $0.20 per share, compared with $5.6 million or $0.23 per share for the year-ago quarter. On Friday shares of Electro Rent Corporation (NASDAQ:ELRC) closed at $13.40. Company’s sales growth for last 5 years was 13.10% and EPS growth for next 5 years is recorded as 15.00%.

Meituan.com, the Chinese group-discount website backed by Alibaba Group Holding Ltd. (NYSE:BABA), raised $700 million from unidentified investors, with Chief Executive Officer Wang Xing saying it’s now worth $7 billion. Alibaba Group Holding Ltd (NYSE:BABA) in last trading activity advanced 0.60% to close at $96.89. Company weekly performance is -5.95% while its quarterly performance stands at 9.05%. Alibaba Group Holding Ltd (NYSE:BABA) is -19.26% away from its 52 week high.

21Vianet Group (NASDAQ:VNET) has received an average recommendation of “Buy” from the seven ratings firms that are covering the stock, StockRatingsNetwork.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. 21Vianet Group, Inc. (NASDAQ:VNET) has 10.08% insider ownership while its institutional ownership stands at 87.30%. In last trading activity company’s stock closed at $17.35.

Williams Jeffrey

, , , , , , , , , , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *