x min read

Morning Buzz: Hertz Global Holdings, Inc. (NYSE:HTZ), Marvell Technology Group Ltd. (NASDAQ:MRVL), Globalstar Inc. (NYSEMKT:GSAT), Intersections Inc. (NASDAQ:INTX)

Morning Buzz: Hertz Global Holdings, Inc. (NYSE:HTZ), Marvell Technology Group Ltd. (NASDAQ:MRVL), Globalstar Inc. (NYSEMKT:GSAT), Intersections Inc. (NASDAQ:INTX)
Written by
Richard Sandle
Published on
October 13, 2014
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook
InsidrFinancial

Hertz Global Holdings, Inc. (NYSE:HTZ) announced that the company’s Hertz Portugal partnered with MyCaddyMaster (a golf club rental company) to offer combined services of rental packages for car and golf equipments. Hertz Global Holdings, Inc. (NYSE:HTZ) in last trading activity moved down -4.50% to close at $20.60. Company weekly performance is -14.02% while its quarterly performance stands at -28.82%. Hertz Global Holdings, Inc. (NYSE:HTZ) is -34.83% away from its 52 week high.Ladenburg Thalmann assumed coverage on shares of Marvell Technology Group Ltd (NASDAQ:MRVL) in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm issued a buy rating and a $18.00 price objective on the stock. On last trading day Marvell Technology Group Ltd. (NASDAQ:MRVL) moved down -7.16% to close at $12.19. Its volatility for the week is 3.22% while volatility for the month is 2.19%. MRVL's sales growth for past 5 years was 2.90% and its EPS growth for past 5 years was 22.30%. Marvell Technology Group Ltd. (NASDAQ:MRVL) monthly performance is -12.24%.Globalstar Inc. (NYSEMKT:GSAT) Chief Executive Officer Jay Monroe said a short seller’s recent criticisms of his satellite-phone company’s main assets are “flawed and wrong.” Globalstar has valuable wireless airwaves that, if approved by regulators, can provide an immediate solution to Wi-Fi network congestion, Monroe told investors on a conference call yesterday. On last trading day Globalstar Inc. (NYSEMKT:GSAT) moved down -14.29% to close at $1.80. Its volatility for the week is 26.42% while volatility for the month is 12.60%. GSAT's sales growth for past 5 years was -0.80% and its EPS growth for past 5 years was -28.90%. Globalstar Inc. (NYSEMKT:GSAT) monthly performance is -53.00%.Intersections Inc (NASDAQ:INTX) major shareholder Osmium Partners, Llc bought 13,801 shares of Intersections stock in a transaction dated Friday, October 3rd. The shares were purchased at an average price of $3.97 per share, for a total transaction of $54,789.97. Intersections Inc. (NASDAQ:INTX) has 2.70% insider ownership while its institutional ownership stands at 41.10%. In last trading activity company's stock closed at $3.70.Etisalat and Ericsson (NASDAQ:ERIC) have announced a major agreement to expand Etisalat's Radio Access Network (RAN) in Dubai and Al Ain. This will provide enhanced connectivity to customers in the area, with advanced mobile broadband service. On Friday shares of Ericsson (NASDAQ:ERIC) closed at $11.41. Company's sales growth for last 5 years was 1.70% and EPS growth for next 5 years is recorded as 12.10%.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.