Bank of America Settles Claims with QBE Insurance Corp. for $228 Million; Pandora Gets $35 Price Target from Wedbush


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NYSE:BAC / NYSE:P / NASDAQ:MU / OTC:BB:MCIG
04/08/2014 [ACCESSWIRE]

Bank of America Corporation (NYSE: BAC) – For an in-depth report on Bank of America Corporation follow: www.BullTrends.com/stockquote/BAC

Bank of America closed down 2.03% on about 129 million shares traded. The stock was one of the most active stocks on the NYSE. According to Reuters, the company and QBE Insurance Corp. have agreed to pay $228 million to settle claims that the two entities had been involved in a kickback scheme that inflated the cost of insurance that homeowners had been forced to buy.

Pandora Media, Inc. (NYSE: P) - For an in-depth report on Pandora Media, Inc. follow: www.BullTrends.com/stockquote/P

Shares of P closed down 4.96% on about 22 million shares traded on Monday. The stock was one of the biggest decliners on the NYSE. Wedbush upgraded Pandora from neutral to outperform. Analyst Michael Pachter planted a price target of $35 on the stock.

Micron Technology Inc. (NASDAQ: MU) - For an in-depth report on Micron Technology Inc. follow: www.BullTrends.com/stockquote/MU

Shares of MU closed down 3.85% on about 63.6 million shares traded. The stock was one of the biggest decliners on the NASDAQ. The company’s fiscal Q2 earnings topped Wall Street expectations. Micron earned 85 cents per share minus items, compared to a 28-cent per-share loss in the year-earlier quarter. Revenue for the quarter ended Feb. 27 rose 98% to $4.11 billion. Analysts had modeled EPS of 76 cents on revenue of $4 billion.

mCig, Inc. (OTCBB: MCIG) – For an in-depth report on mCig, Inc. follow: http://www.bulltrends.com/stockquote/EHOS

Shares of MCIG closed down 5% on Monday on about 10.8 million shares traded. The stock was one of the most active stocks in the OTCBB marketplace. Earlier this month the company updated its investor presentation for the month of April 2014. mCig also announced it would be unveiling its newest subsidiary: LiqCig, Inc. which will be 100% owned by mCig, Inc. both before and after the anticipated VitaCig, Inc. spin-off and dividend.

 

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