HD Supply Holdings, Inc. (NASDAQ:HDS) stock shows plunge of -17.54% and traded at a price of $34.03 in preceding trading session.
HD Supply Holdings, Inc. (HDS) reported that it has entered into a definitive contract to sell its Waterworks business unit, the nation’s largest distributor of water, sewer, storm and fire protection products, to Clayton, Dubilier& Rice for a purchase price of $2.5 billion in cash. The transaction is expected to close in HD Supply’s third fiscal quarter of 2017 subject to customary regulatory approvals.
HD Supply Chairman, President & CEO, Joe DeAngelo said, after a detailed evaluation, we determined that a sale of our Waterworks business unit to Clayton, Dubilier& Rice is in the best interests of our Waterworks associates and HD Supply stockholders. “This important strategic transaction will further simplify and focus HD Supply on our highest value creation opportunities, accelerate debt reduction, create additional cash to enable next generation growth investments and innovation as well as return cash to HD Supply stockholders.”
Its 52-week range quite noticeable, lower range was $13.24% and hit highest level of $-23.92%. The overall volume in the last trading session was 28.02 Million shares. The liquidity position of firm is on noticeable level, as its current ratio was calculated as 2.20 at the same time as its debt to equity ratio stands at 3.97.
Shares of Keysight Technologies, Inc. (NYSE:KEYS) at the time when day-trade ended the stock finally surged 0.83% to close at $40.25. Keysight Technologies, Inc. (KEYS) reported that collaboration with Qualcomm Technologies, a subsidiary of Qualcomm Incorporated, to enable the realization of 5G technologies. Keysight has a comprehensive suite of design and test tools to support chipset development for next-generation cellular devices. Keysight’s new 5G network emulation solutions portfolio, supported by Keysight’s new UXM 5G wireless test platform, enables Qualcomm Technologies to validate the chipset technology and the higher-layer protocols needed for 5G. Keysight’s scalable solutions support sub-6 GHz and mm-Wave, which will provide Qualcomm Technologies insights into the performance of their ICs and overcome potential challenges that may surface in 5G trials.
The VP and GM, Wireless Test, Keysight Technologies, SatishDhanasekaran said, “As 3GPP accelerates the 5G NR non-standalone specification, Keysight is excited to collaborate with Qualcomm Technologies and help them with their 5G program’s protocol and RF workflows. “Our software and hardware platforms provide scalability and capability needed to support 5G design and test from initial requirements to final standards.”
The volatility tends to amount of risk or uncertainty about size of changes in a security’s value; a higher volatility denotes that a security’s value can potentially be spread out over a larger range of values. The price volatility of KEYS was 1.84% for a week and 1.52% for a month as well as price volatility’s Average True Range for 14 days was 0.64. Shares price isolated positively from its 50 days moving average with 7.31% and remote positively from 200 days moving average with 13.71%.
J. C. Penney Company, Inc. (NYSE:JCP) makeup itself as poignant stock, plunged -4.07% to trade at $4.72. J.C. Penney Co. Inc. (JCP) reported that it is opening dorm shops in 500 of its store locations this week, carrying items like bedding, mini refrigerators, and other items for college dorm room living. Later this month, Packard Bell laptops will be available . The shops will be 400 square feet in size. Items will also be available online, available to ship to a J.C. Penney closest to a particular college campus.
The firm holds total outstanding shares are 304.83 million shares and floated shares were 302.90 million. As the returns are concern, return on equity was recorded 0.10% and firm surged its return on investment 5.90% while its return on asset stayed at 0.00%.