Market Overview

Benzinga’s News Roundup (C, JAVA, BMY, V, TRA)


Citigroup Inc. (NYSE: C)(FREE stock trend analysis) today reported that it has reached an agreement to repay $20 billion of U.S. government aid and terminate the loss-sharing agreement with the government. Citi will immediately issue $20.5 billion comprised of capital and debt. Citigroup is trading at $3.82, down 3.29% in the pre-market session. So far in the current year, Citigroup decreased by over 40%. In the last trading session, C closed at $3.95.

Sun Microsystems, Inc. (NASDAQ: JAVA)(FREE stock trend analysis) is currently trading at $9.22, increased by 10.17% in the pre-market session after Oracle reported that it had constructive discussion with the European Commission to buy Sun Microsystems. The 52 week trading range for JAVA is $3.45 -$9.37. So far in 2009, JAVA gained over 115%.

Bristol Myers Squibb Co. (NYSE: BMY)(FREE stock trend analysis) today reported that it has named Charles Bancroft, the acting chief financial officer, with effect from January 1, 2009. Charles Bancroft is currently working as the vice president of finance. Bristol Myers Squibb has gained 0.78% to $26. BMY made a new 52 week high at $25.97 in the last trading session. BMY gained over 30% in the last six months.

Visa Inc. (NYSE: V)(FREE stock trend analysis) has increased by 3.75% to $84.39 in the pre-market session after Standard & Poor's reported late last week that Visa will become a part of the benchmark S&P 500 Index. Visa will replace Ciena Corp in the index. The 52-week trading range for V is $41.78 - $83.40.

Terra Industries Inc. (NYSE: TRA)(FREE stock trend analysis) today reported that its board has rejected the last acquisition proposal from CF Industries Holdings, citing that CF Industries continues to undervalue Terra Industries. Terra Industries has plummeted 18% to $35 in the pre-market session. So far this year, TRA is up 157%. TRA made a new 52 week high at $43.13 in the previous trading session.

Posted-In: News Pre-Market Outlook


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Stock Watch-List for December 14, 2009

Accenture (ACN) Cuts Woods