Alcoa Inc. (NYSE:AA) said Thursday it agreed to sell its stake in an aluminum smelter in Goose Creek, S.C., to Century Aluminum Co. for $67.5 million in cash, plus an amount dependent on the plant’s performance. The Mt. Holly smelter is 50.3 percent owned by Alcoa and 49.7 percent by Century. The sale is part of Alcoa’s strategy to reduce costs in its commodity aluminum production operations, the company said. Alcoa Inc. (NYSE:AA) in last trading activity advanced 0.74% to close at $16.24. Company weekly performance is 11.23% while its quarterly performance stands at -1.75%. Alcoa Inc. (NYSE:AA) is -6.45% away from its 52 week high.
For its fiscal first-quarter 2015 (ended 28 September 2014), Cree Inc (NASDAQ:CREE) of Durham, NC, USA has reported revenue of $427.7m, up 9% on $391m a year ago but down 2% on $436.3m last quarter (and below the $440-465m forecasted in mid-August). On last trading day Cree, Inc. (NASDAQ:CREE) advanced 7.77% to close at $29.40. Its volatility for the week is 5.49% while volatility for the month is 4.52%. CREE’s sales growth for past 5 years was 23.80% and its EPS growth for past 5 years was 24.30%. Cree, Inc. (NASDAQ:CREE) monthly performance is -30.56%.
Cellcom Israel Ltd. (NYSE:CEL) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.04. On average, analysts predict that Cellcom Israel will post $3.29 earnings per share for the current fiscal year. On last trading day Cellcom Israel Ltd. (NYSE:CEL) fell -0.57% to close at $10.44. Its volatility for the week is 1.34% while volatility for the month is 1.72%. CEL’s sales growth for past 5 years was -5.10% and its EPS growth for past 5 years was -22.10%. Cellcom Israel Ltd. (NYSE:CEL) monthly performance is -8.82%.
Cobalt International Energy (NYSE:CIE) has received an average recommendation of “Buy” from the seventeen analysts that are currently covering the stock. Cobalt International Energy, Inc. (NYSE:CIE) has 0.50% insider ownership while its institutional ownership stands at 97.10%. In last trading activity company’s stock closed at $11.22.
Wilcon, the premier west coast provider of best-in-class fiber optic network and data center infrastructure, announced it completed the deployment of a custom, private 10G network for Point.360 (NASDAQ:PTSX), the leading LA-based audio-visual asset management company. On Thursday shares of Point.360 (NASDAQ:PTSX) closed at $0.44. Company’s sales growth for last 5 years was -10.80%.