Momentum Stocks in Focus: Twitter Inc (NYSE:TWTR), KeyCorp (NYSE:KEY), BT Group plc (ADR)(NYSE:BT)

On Tuesday, Shares of Twitter Inc (NYSE:TWTR), subtract -0.84% and closed at $18.98 in the last trading session. The last trading range of the stock ranges between $18.91 and $19.51. Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. The company offers various products and services, counting Twitter that allows users to create, distribute, and discover content; and Periscope and Vine, a mobile application that facilitates user to broadcast and watch video live. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends that facilitate its advertisers to promote their brands, products, and services; and subscription access to its data feed for data partners. In addition, the company offers a set of tools, public APIs, and embeddable widgets for developers to contribute their content to its platform; syndicate and distribute Twitter content across their properties; and enhance their Websites and applications with Twitter content.

KeyCorp (NYSE:KEY), jumped 1.79% and closed at $17.09 in the last trading session. The last trading range of the stock ranges between $16.33 and $17.12. The company’s Market capitalization is $18.99 Billion with the total Outstanding Shares of 1.08 Billion. KeyBank recently declared it raised its 2016 7(a) Small Business Administration (SBA) lending to $222 million during the SBA’s FY 2016, representing a 44 percent jump in loan volume from 2015 levels. The increase is the leading among the nation’s top 20 SBA lenders with $15 billion or more in assets and a record-breaking loan volume for Key, according to recently released rankings information from the SBA.

Key earned a top three ranking in loan volume in four SBA districts and raised loan volume by 40 percent or more in 11 districts, counting: Buffalo, Colorado, Columbus, Maine, Massachusetts, Michigan, New Jersey, Portland (OR), Seattle, Utah and Vermont.

“This growth reflects a robust environment for small businesses across the U.S.,” said Jim Fliss, National SBA Manager. “It also is a testament to KeyBank’s long-term commitment to the SBA’s programs and underscores the flexible financing solutions these programs provide to benefit businesses. We’ve invested heavily in all areas of our national SBA lending platform, from loan origination through closing, to ensure that business owners can efficiently access the capital they need while receiving the highest level of service and attention from our specialized SBA lending staff.”

BT Group plc (ADR)(NYSE:BT), jumped 1.67% and closed at $23.10 in the last trading session. The last trading range of the stock ranges between $22.75 and $23.11. During the 52-week trading session the minimum price at which share price traded, registered at $21.61 and reached to max level of $37.69. BT recently declared the launch of ‘BT One Mobile anywhere’, an innovative service building on its merger with EE, that will assist organisations manage potentially rising data roaming costs incurred by their international business travellers.

Although organisations are seeing the cost per byte of mobile data go down, their international mobile usage is growing enormously, leading to higher bills. Controlling costs is further complicated by varying mobile data charges from country to country and more often than not, separate contracts and SIMs for users in different regions around the globe. This means that organisations — especially those with a large number of international travellers — still face ‘bill shocks’.

Leave a Reply

Your email address will not be published. Required fields are marked *