Notable Trend Analysis Report: Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), General Motors Company (NYSE:GM), Big Lots, Inc. (NYSE:BIG)

On Tuesday, Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), added 1.39% and closed at $5.12 in the last trading session. The last trading range of the stock ranges between $4.99 and $5.13. Ericsson (ERIC), SK Telecom and BMW have revealed the most advanced 5G outdoor mobility trial, counting the first multi-vehicular 5G trials. They were conducted successfully on a 5G test network installed at the advanced BMW car test track in Yeongjong-do, South Korea.SK Telecom, together with Ericsson, deployed network slicing and 5G radio network infrastructure to cover a complete track in the BMW driving center. The trial with the connected test cars showed that 5G performance will support V2X (Vehicular Connectivity) services that require low latency and consistent high bi-directional throughput.

Alex Jinsung Choi, CTO and Head of Corporate R&D Center, SK Telecom, says: “5G will offer much more than just faster data speeds. It will serve as a true facilitater for a whole new variety of powerful services that deliver unprecedented value to customers. Recently`s demonstration of 5G-based connected car technologies marks the very first step towards achieving fully autonomous driving in the forthcoming era of 5G.”

General Motors Company (NYSE:GM), jumped 0.45% and closed at $33.43 in the last trading session. The last trading range of the stock ranges between $33.10 and $33.60. The company’s Market capitalization is $49.85 Billion with the total Outstanding Shares of 1.52 Billion. General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. The company operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments. It markets its vehicles mainly under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, Vauxhall, Baojun, Jiefang, and Wuling brand names. The company also sells cars and trucks to dealers for consumer retail sales, in addition to to fleet customers, counting daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, it offers connected safety, security and mobility solutions, and information technology services.

Big Lots, Inc. (NYSE:BIG), dropped -1.35% and closed at $50.61 in the last trading session. The last trading range of the stock ranges between $50.00 and $51.36. During the 52-week trading session the minimum price at which share price traded, registered at $33.78 and reached to max level of $56.30. Shareholder Rights Law Firm Johnson & Weaver, LLP, is investigating potential claims against TreeHouse Foods, Inc., Zimmer Biomet Holdings, Inc., AAC Holdings, Inc. and Big Lots Inc., as detailed below:

TreeHouse Foods, Inc.

Johnson & Weaver, LLP is investigating potential violations of federal and state laws by certain officers and directors of TreeHouse Foods, Inc. (THS).

On November 3, 2016, TreeHouse stated a third-quarter profit of $37.2 million or 65 cents per share. Earnings, adjusted for one-time gains and costs, came to 70 cents per share. These results did not meet Wall Street expectations as the average estimate of nine analysts was 77 cents per share. TreeHouse posted revenue of $1.59 billion in the period, also missing forecasts. In Addition To, TreeHouse declared the closure of a plant in Delta, British Columbia, that it was reducing the workforce at its facility in Battle Creek, Michigan and the resignation of its President and the appointment of a new CFO. On the news, the stock price of TreeHouse dropped over 19% on November 3, 2016.

Leave a Reply

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