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Open Text Corporation (NASDAQ: OTEX)(TSX: OTC) shares spiked 10.53 percent to close at $100.16 a share Friday, its market debut. The stock traded between $98.79 and $104.21 on volume of 2.37 million shares traded. The company reported total revenue was $363.5 million for the second quarter of fiscal 2014, an increase of 3.0 percent year-over-year. Shares of Open Text have gained nearly 70.0 percent in the past year.
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Texas Industries, Inc. (NYSE: TXI) shares jumped 9.27 percent to close at $75.06 a share Friday. The stock traded between $67.12 and $77.40 on volume 1.35 million shares traded. According to numerous reports, Martin Marietta Materials is in acquisition talks with the company. Shares of Texas Industries have gained approximately 25.0 percent in the past year.
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McKesson Corporation (NYSE: MCK) shares increased 0.78 percent to close at $173.72 a share Friday. The stock traded between $172.53 and $177.50 on volume 4.56 million shares traded. The company has reached an agreement with Franz Haniel & Cie. GmbH to acquire their entire holding of Celesio shares for EUR 23.50 per share. Shares of McKesson have gained approximately 60.0 percent in the past year.
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Walter Energy, Inc. (NYSE: WLT) shares dropped 9.20 percent to close at $11.35 a share Friday. The stock traded between $11.24 and $12.10 on volume 11.45 million shares traded. Wells Fargo has downgraded its rating on the company to "market perform" from "outperform". Shares of Walter Energy have fallen approximately 70.0 percent in the past year.
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