West Texas Intermediate retreated after the biggest gain since September amid speculation a drop in Saudi Arabian oil supplies isn’t a signal that OPEC’s largest producer is cutting output. Brent slid in London. The supply reduction reflects a weak market rather than a new output policy, according to Julian Lee, a Bloomberg oil strategist who has worked in the industry for 25 years. It indicates Saudi Arabia put unsold barrels into storage, he said. Banks including BNP Paribas SA and Bank of America Corporation (NYSE:BAC) have predicted the price rout may be over, in part because they expect OPEC to cut production. The 12-member group, responsible for about 40 percent of the world’s supply, is scheduled to meet on Nov. 27 in Vienna. Bank of America Corporation (NYSE:BAC) in last trading activity increased 1.22% to close at $16.60. Company weekly performance is 3.23% while its quarterly performance stands at 6.82%. Bank of America Corporation (NYSE:BAC) is -7.56% away from its 52 week high. Nokia Corporation (ADR) (NYSE:NOK)is showing signs that it has turned around its fortunes following the sale of its ailing cellphone unit to Microsoft; the slimmed-down Finnish company said Thursday that it made a third-quarter net profit of €747 million ($950 million) of the year, compared with a €91 million loss in the same period last year. On last trading day Nokia Corporation (ADR) (NYSE:NOK) increased 5.93% to close at $8.40. Its volatility for the week is 2.45% while volatility for the month is 2.41%. NOK's sales growth for past 5 years was -24.20% and its EPS growth for past 5 years was -46.10%. Nokia Corporation (ADR) (NYSE:NOK) monthly performance is -3.00%. Distributor of bulk chemicals, Hawkins, Inc. (NASDAQ:HWKN) disclosed that it has struck a definitive deal to buy The Dumont Company, Inc. and all of its assets with a view to expand water treatment footprint throughout Florida. The Dumont has seven units in the State of Florida. However, the company has not disclosed any financial terms governing the agreement. On last trading day Hawkins Inc. (NASDAQ:HWKN) increased 1.22% to close at $36.46. Its volatility for the week is 1.74% while volatility for the month is 2.88%. HWKN's sales growth for past 5 years was 4.10% and its EPS growth for past 5 years was -5.70%. Hawkins Inc. (NASDAQ:HWKN) monthly performance is 2.59%. Century Bancorp (NASDAQ:CNBKA) major shareholder James J. Filler acquired 1,284 shares of the stock on the open market in a transaction dated Friday, October 17th. The shares were purchased at an average price of $35.55 per share, for a total transaction of $45,646.20. Following the purchase, the insider now directly owns 387,532 shares of the company’s stock, valued at approximately $13,776,763. Century Bancorp Inc. (NASDAQ:CNBKA) has 12.30% insider ownership while its institutional ownership stands at 55.70%. In last trading activity company's stock closed at $37.85. Penn Virginia Corporation (NYSE:PVA) today declared that it will release its Q3 2014 results after the market closes on Wednesday, October 29, 2014 and going to hold a conference call webcast on Thursday, October 30, 2014 at 10:00 a.m. In addition, Penn Virginia Corporation unveiled forthcoming shareholder conference participations. On Thursday shares of Penn Virginia Corporation (NYSE:PVA) closed at $8.01. Company's sales growth for last 5 years was -1.70% and EPS growth for next 5 years is recorded as 17.50%.
Discover Hidden Gems
Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.
