NEW YORK / ACCESSWIRE / May 21, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for NewLead Holdings Ltd, Wells Fargo & Co, Nokia Corporation, Groupon Inc
Wells Fargo & Co(NYSE:WFC)’s shares decreased 1.07% to $48.96. The company on May 19 announced dividends on seven series of preferred stock. A quarterly cash dividend of $20.00 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. This dividend equals $0.50 per depositary share, each representing a 1/40th interest in a share of Series J preferred stock, which is traded on the New York Stock Exchange under the symbol "WFCPrJ." The Series J dividend is payable on June 16, 2014, to holders of record as of the close of business on May 30, 2014.
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A quarterly cash dividend of $18.75 per share was declared on its 7.50% non-cumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol "WFCPrL." The Series L dividend is payable on June 16, 2014, to holders of record as of the close of business on May 30, 2014.
NewLead Holdings Ltd (NASDAQ:NEWL)’s shares soared 69.74% to $3.31. The company on May 19 announced that the "Newlead Albion", a 2012-built dry-bulk eco-type Handysize vessel of 32,318 dwt, was delivered to NewLead's fleet on Monday, May 19, 2014. The Newlead Albion is one of the two eco-type vessels that the Company agreed to acquire in March 2014, as previously announced, for a total acquisition price of $37.0 million, $18.5 million each. Today, the market value of these vessels is estimated to be approximately $20.25 million each. The second vessel is expected to be delivered to NewLead's fleet, as scheduled, in July 2014.
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Nokia Corporation (ADR)(NYSE:NOK)’s shares gained 0.28% to $7.25. The company on May 20 announced that the EUR 800 million senior notes issued in March 2013 by Nokia Solutions and Networks Finance B.V., the finance company of its Networks business formerly known as NSN, will be redeemed. The redemption is part of Nokia's planned EUR 5 billion capital structure optimization program announced on April 29, 2014, which focuses on, among other things, reducing interest bearing debt. Nokia has announced that it plans to reduce interest bearing debt by approximately EUR 2 billion by the end of the second quarter 2016.
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Additionally, the company on May 15 said about 5,000 workers at its factory in the southern Indian city of Chennai accepted a voluntary retirement plan after the company failed to resolve a tax dispute in the country.
Groupon Inc (NYSE:GRPN)’s shares dropped 1.32% to $5.97. The company on May 19 announced Gnome, a new tablet-based platform that will provide sophisticated tools to local merchants to run their businesses more effectively and understand their customers better. The tablet will let merchants instantly recognize their Groupon customers as they enter their business, seamlessly redeem Groupons and save time and money with a simple point of-sale system and credit card payment processing service.
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Additionally, the company on May 6 announced financial results for the quarter ended March 31, 2014. Revenue increased 26%, to $757.6 million in the first quarter 2014, compared with $601.4 million in the first quarter 2013. First quarter 2014 net loss attributable to common stockholders was $37.8 million, or $0.06 per share. Adjusted Loss per share was $0.01 per share.
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SOURCE: Market Buzz Report
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