U.S Stock Market Movers in the Spotlight: Sprint Nextel, DISH, Steel Dynamics, Tesoro, Valeant, Dr. Reddy, GlaxoSmithKline
Jun 19, 13 U.S Stock Market Movers in the Spotlight: Sprint Nextel, DISH, Steel Dynamics, Tesoro, Valeant, Dr. Reddy, GlaxoSmithKline

Sprint Nextel Corporation (NYSE:S) has filed a court case against DISH Network Corp (NASDAQ:DISH) and Clearwire Corporation (NASDAQ:CLWR) in an attempt to block the satellite-TV provider’s tender bid for Clearwire.

Sprint Nextel Corporation (NYSE:S) began last trade with a price of $7.21 and throughout the trading session climbed to a high of $7.34. The day-trade ended with an advance of 1.39%, to $7.32. The stock is going forward from its 52 week low 143.19% and lagging behind its 52 week high price -2.40%. S last month stock price volatility remained 1.73%.

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The steel maker, Steel Dynamics, Inc (NASDAQ:STLD), estimate fiscal Q2 earnings lower than analyst forecasts, as weaker prices pressured the company’s margins.

DISH Network Corp (NASDAQ:DISH) opened at $38.80, with 453.24 million outstanding shares and touched its highest price of $39.44 during the day and then finished at $39.09, by scoring +0.67%. In the last session, it traded on volume of 830,992 shares, which was lower than its average volume 2.39 million.

Steel Dynamics, Inc. (NASDAQ:STLD) stock hit its highest price at $15.15, beginning with a price of $14.89 and reported a loss of -0.20%, to close at $14.98, with a day range of $14.86-$15.15. The total market capitalization remained $3.30 billion. The total volume of 1.6 million shares in the session was surprisingly lower than its average volume of 2.07 million shares.

Tesoro Corporation (NYSE:TSO) announced on Monday that it struck an agreement to sell its idled Kapolei refinery and other assets in Hawaii to a subsidiary of Par Petroleum Corp, in a $325 million pact, sending shares down around 1%.

Tesoro Corporation (NYSE:TSO) began last trade with a price of $57.60 and throughout the trading session climbed to a high of $58.02. The day-trade ended with a decline of -0.87%, to $57.11. The stock is going forward from its 52 week low 163.85% and lagging behind its 52 week high price -12.86%. TSO last month stock price volatility remained 3.42%.

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) announced that it plans to raise $1.75 billion in a sale of its common shares to support its planned $8.7 billion purchase of global eye-care firm, Bausch & Lomb Holdings Inc.

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) traded at $85.86, by plunging 1.23%, with price volatility of 3.58% for the week and 4.14% for the  month. Its price volatility’s Average True Range for 14 days was 3.08 and its beta stands at 0.85 times. The stock, after opening at $84.11, hit a high price of $88.67 and, during the last session, the stock held volume of 2.4 million shares, which was higher than its average volume of 1.98 million shares.

Dr. Reddy’s Laboratories Limited (ADR) (NYSE:RDY) stock hit its highest price at $36.80, beginning with a price of $36.47 and reported a loss of -0.73%, to close at $36.71, with a day range of $36.29-$36.80. The stock is going forward from its 52 week low 35.66% and lagging behind its 52 week high price -5.24%.

GlaxoSmithKline plc (ADR) (NYSE:GSK) stock hit its highest price at $52.57, beginning with a price of $52.37 and reported a loss of -0.51%, to  close at $52.47, with a day range of $52.19-$52.57. The total market capitalization remained $128.80 billion. The total volume of 1.35 million shares in the last session was lower than its average volume of 2.61 million shares.

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Rachel covers media and internet companies for EO.


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