Ford Motor Company (NYSE:F) shares rose by 1.73%, MEMC Electronic Materials, Inc (NYSE:WFR)
Ford Motor Company (NYSE:F): Thursday’s trading session saw Ford Motor Company (NYSE:F) rising by 1.73%. The opening price of $15.76 climbed to an intraday high of $16.02 before settling down to close at $15.90 per share. More than 0.02 million shares exchanged hands in the last trading session. This number stood below the average volume of 41.17 million that was measured over 30 days.
Investors in Ford saw new options commence trading today. These options are for the 5th July expiration. Of these new contracts, there is one put and also one call contract that seem particularly interesting. At a $15.50 strike price, the current bid of the put contract is 35 cents. If any investor were to sell-to-open that particular put contract, they will be committing to buy the stock at $15.50. However, they will also be collecting the premium. This will take the cost basis of the shares to $15.15 (including broker commissions). To an investor who is already interested in buying Ford Motor Company (NYSE:F) shares, this will prove to be an attractive option to shelling-out $15.85 per share, today.
MEMC Electronic Materials, Inc (NYSE:WFR): Thursday’s trading session saw MEMC Electronic Materials, Inc (NYSE:WFR) rising by 9.58%. The opening price of $8.17 climbed to an intraday high of $8.40 before settling down to close at $8.35 per share. The average volume of 8.51 million was measured over 30 days.
WFT today announced that post the overwhelming stakeholder approval at the company’s Annual Stockholders Meeting that was held in San Francisco, California, the company’s name has now been successfully changed from MEMC Electronic Materials Inc to SunEdison, Inc. On 3 June 2013, the company’s Ticker symbol on the NYSE will be changed from “WFR” to “SUNE”. This will reflect the company’s new corporate name.
SunEdison, previously MEMC Electronic Materials, is an international leader in solar and semiconductor technology. SunEdison’s has been a pioneering force in the designing and the development of silicon wafer technologies for more than half a century. The company has Research and Development and manufacturing facilities in the United States, Asia and Europe.