Applied Materials, Inc (NASDAQ:AMAT) shares closed at $14.46, dipped 0.68%, J.C. Penney Company, Inc (NYSE:JCP)

Posted by Ryan Mandell May 28, 2013 0 Comment 925 views


Applied Materials, Inc (NASDAQ:AMAT): In Friday’s trading session, Applied Materials, Inc (NASDAQ:AMAT) dipped 0.68%. Its opening price of $14.50 rose to touch an intraday high of $14.60 which eventually headed down to close at $14.46 per share. Over 10.01 million shares exchanged hands in the last trading session. This number stood below the average volume of 13.35 million that was measured over a 30-day period.

Applied Materials, Inc (NASDAQ:AMAT) provides different manufacturing equipment, software and services to the international solar photovoltaic, flat panel display, semiconductor and related industries. The company’s customers include the manufacturers of flat panel liquid crystal displays, semiconductor chips and wafers, solar PV modules and cells as well as other electronic devices. These customers might use what is manufactured by them, in their very own end products or they might sell the items to various other companies. These products could be used in advanced electronic components. The company operates in four different segments: Applied Global Services, Display, Silicon Systems Group and Energy and Environmental Solutions. In 2011 November, it acquired Varian Semiconductor Associates, Inc.

J.C. Penney Company, Inc (NYSE:JCP): In Friday’s trading session, J.C. Penney Company, Inc (NYSE:JCP) dipped 2.11 %. Its opening price of $19.21 rose to touch an intraday high of $19.63 which eventually headed down to close at $18.93 per share. Over 9.78 million shares exchanged hands in the last trading session. This number stood below the average volume of 18.19 million that was measured over a 30-day period.

J. C. Penney Company, Inc. (NYSE:JCP) has secured a loan of $2.25 billion. This amount is $500 million above than which had initially been sought by it. The struggling company is in efforts to put a brake on diminishing sales. The loan has been secured by hundreds of its properties including the Texas headquarters, stores and distribution centers. Ken Hannah, the Chief Financial Officer said that the new funding affords the company with the flexibility it needs to implement its plans to put it back on the route to profitability. J.C. Penney Company, Inc (NYSE:JCP) is a holding company. As of 28 January 2012, the retailer operates 1,102 department stores across 49 states as well as in Puerto Rico.


About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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