Stocks To Watch For September 19, 2014
Some of the stocks that may grab investor focus today are:
Oracle (NYSE: ORCL) reported downbeat fiscal first-quarter results and unexpectedly shuffled its top management. Founder Lawrence J. Ellison stepped aside as CEO and will serve as company's chairman, while presidents Safra A. Catz and Mark V. Hurd were named co-chief executives. The company also boosted its existing buyback program by an additional $13 billion. Oracle shares fell 1.81% to $40.80 in the after-hours trading session.
Red Hat (NYSE: RHT) reported better-than-expected second-quarter results and raised its FY15 forecast. Red Hat shares dropped 3.07% to $58.80 in the after-hours trading session.
Alibaba Group Holding (NYSE: BABA) priced its initial public offering of 320,106,100 American depositary shares at a price of US$68 per ADS. The stock will begin trading Friday on the NYSE, under the ticker symbol BABA. Yahoo! (NASDAQ: YHOO) shares gained 1.37% to $42.66 in the after-hours trading session.
SAP SE (NYSE: SAP) announced that SAP subsidiary, SAP America, has agreed to buy Concur Technologies (NASDSQ: CNQR) for $129 per share. SAP shares rose 1.08% to close at $77.35 yesterday, while Concur shares jumped 19.39% to $128.70 in after-hours trading.
JetBlue Airways (NASDAQ: JBLU) announced CEO David Barger will retire in February. Robin Hayes will replace Barger as CEO. JetBlue shares climbed 4.24% to $11.81 in after-hours trading.
McDonald's (NYSE: MCD) raised its quarterly cash dividend by 5% to $0.85 per share. McDonald's shares gained 0.52% to $93.97 in after-hours trading.
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