On Wednesday, Shares of Apple Inc. (NASDAQ:AAPL), gained 1.87% to $132.04.
Shares sold short in Apple Inc., jumped about 26% in the two-week period that ended May 15. A pool of traders believed that Apple’s shares have peaked near an all-time high. Likely, sales of Apple’s key products would need to falter for the “shorts” to be right.
Apple’s short interest rose to 77.9 million, an enhance of 15.9 million. At $132, its shares trade near an all-time high, which has moved its market cap to $750 billion, the largest among all U.S. publicly traded corporations. And Apple has been the most important element in the improvement in the Dow Jones Industrial Average this year. Its share price enhance of 19% in 2015 has assisted move the index to over 18,000. The only Dow stock with a performance even close is Walt Disney Co. (NYSE: DIS), the shares of which are up 17% this year. These surges have more than offset the collapse of the stock of another Dow component. Shares of American Express Co. (NYSE: AXP) are off 14% this year.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Shares of Twitter, Inc. (NYSE:TWTR), declined -0.27% to $36.41, during its last trading session, after Flipboard’s CEO Mike McCue said that he will not comment on talks that Flipboard will be attained by Twitter, according to CNBC.
Twitter has been in talks with Flipboard for quite some time about a possible acquisition of the digital magazine app, which could be valued as high as $1 billion, Re/Code stated this weekend.
“If you build something that has value to users, and you have users who are coming in every single day by the millions, these rumors are naturally going to happen,” McCue said in an interview with CNBC’s “Squawk Alley.”
He did however, say that the two companies have a close partnership and that the news reader app will do more with Twitter over time, CNBC added.
Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.
At the end of Wednesday’s trade, Shares of JPMorgan Chase & Co. (NYSE:JPM), gained 1.13% to $66.47.
J.P. Morgan Asset Administration has expanded its group of Retirement Business Directors (RBDs), adding to the existing team of dedicated professionals within the firm’s Defined Contribution Investments Solutions (DCIS) group. The new RBDs will enhance support for the growing segment of small- and middle-market financial advisors who are increasing their DC business by leveraging the firm’s suite of retirement tools and investment solutions, counting the JPMorgan Smart Retirement target date fund series, winner of Morningstar’s 2014 Allocation Fund Manager of the Year award.
In addition to supporting the financial advisor community, the team will assist the DCIS group’s recordkeeping partners by working closely with their wholesalers in the field and by assisting them to foster relationships with the firm’s large network of industry professionals.
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Finally, Emerald Oil, Inc. (NYSEMKT:EOX), ended its last trade with 17.08% surge, and closed at $6.10.
Emerald Oil, declared that due to the current market environment and associated dilution to existing shareholders, it has elected not to proceed with its formerly declared public offering of common stock. As a result of the Company’s election not to proceed with its public offering, the Company will not be taking action to close the formerly declared Delaware Basin acquisition.
With the recently accomplished spring borrowing base redetermination and easing of debt covenants, Emerald will continue developing its Williston Basin leasehold position based upon original plans. With current upper-teens well returns the Company remains committed to concluding its 2015 capital expenditures program in a financially conservative manner designed to hold its acreage position while maintaining year-over-year growth in production. The Company reiterates the formerly declared 2015 guidance reflecting a $65 million capex budget, of which $42 million has been spent year to date.
Emerald Oil, Inc. operates as an independent oil and natural gas exploration and production company in the United States. The company designs, drills, and operates oil and natural gas wells. It primarily focuses on acquiring acreage and developing oil and natural gas wells in the Williston Basin located in North Dakota and Montana.
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