Applied Materials, Inc (NASDAQ:AMAT) shares rose by 2.55%, J.C. Penney Company, Inc (NYSE:JCP)

Posted by Nathan Alexander May 29, 2013 0 Comment 1230 views


Applied Materials, Inc (NASDAQ:AMAT): Tuesday’s trading session saw Applied Materials, Inc (NASDAQ:AMAT) rising by 2.55%. The opening price of $14.66 climbed to an intraday high of $14.91 before settling down to close at $14.62 per share. Around 12.79 million shares were traded in the last trading session, which stood below the average volume of 13.35 million that was measured over 30 days.

Applied Materials, Inc (NASDAQ:AMAT) is a provider of various kinds of manufacturing equipment. It also provides services and software to the global, flat panel display, semiconductor, solar photovoltaic, and other related industries. Its customers include companies that manufacture semiconductor chips and wafers, solar PV cells and modules, flat panel liquid crystal displays as well as other electronic devices. All these customers may use the products that have been manufactured by them, in their own end-products. Alternatively, they may sell these items to other companies.

The products may be used in various advanced electronic components. Applied Materials, Inc (NASDAQ:AMAT) operates in 4 segments: Display, Silicon Systems Group, Energy and Environmental Solutions and Applied Global Services.  In November 2011, the company acquired Varian Semiconductor Associates, Inc.

J.C. Penney Company, Inc (NYSE:JCP): Tuesday’s trading session saw J.C. Penney Company, Inc (NYSE:JCP) dipped 1.37%. The opening price of $19.30 climbed to an intraday high of $19.39 before settling down to close at $18.69 per share. Around 9.00 million shares were traded in the last trading session, which stood below the average volume of 18.19 million that was measured over 30 days.

J.C. Penney Company, Inc (NYSE:JCP) is a holding company. As of 28 January 2012, the retailer operates in 1,102 department stores across 49 states as well as Puerto Rico. Its business is basically selling services and merchandise to consumers via its department stores and also via its official Website at jcp.com. J.C. Penney Company, Inc (NYSE:JCP) sells footwear, family apparel, accessories, fashion and fine jewelry, beauty products via Sephora inside jcpenney as well as home furnishings.

As of the same period, the company’s supply-chain network operated 27 different facilities at 18 locations. Out of these, nine were owned by the company. It has multiple kinds of distribution activities that are housed in specific owned locations.


About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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