On Thursday, QUALCOMM, Inc. (NASDAQ:QCOM)’s shares inclined 1.04% to $49.55. QUALCOMM, Inc. (NASDAQ:QCOM) is now worth about $74.48 billion. The share price has made a 4.4% gain in the past 5 days and has lost -33.34% since 2015 kicked off. Analysts are forecasting EPS growth of 3.20% for next fiscal year and 17.92% growth in the next 5 years. The stock trades with a beta of 1.25. The stock price is below by -17.62% as contrast to the average price over the last 200 days. The company has 60.00% gross margins.
QUALCOMM Incorporated develops, designs, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, the United States, and internationally.
Dow Chemical Co (NYSE:DOW)’s shares dropped -0.42% to $52.31.
The Dow Chemical Company (DOW) declared that it has finalized the transaction to sell its ownership interest in MEGlobal to EQUATE Petrochemical Company K.S.C. and has received $1.5 billion in pre-tax proceeds. Dow had formerly declared its intent to optimize its ownership in its Kuwaiti Joint Ventures and the closure of this transaction represents progress toward delivering this commitment.
“This is a noteworthy step in our Kuwaiti JV consolidation activities and demonstrates Dow’s drive to review our entire joint venture portfolio with a best-owner mindset, with the objective of delivering maximum value to our shareholders,” said Andrew N. Liveris, Dow’s chairman and chief executive officer. “This transaction enables Dow to maintain our commitment to these long-standing joint ventures, while returning value to our owners.”
MEGlobal is a world leader in the manufacture and marketing of monoethylene glycol and diethylene glycol (EG), and is headquartered in Dubai, UAE. Established in July 2004, MEGlobal presently markets over 2.5 million metric tons of EG per year globally. EG is used as a raw material in the manufacture of polyester fibers (clothing and other textiles), polyethylene terephthalate (PET) resins, antifreeze formulations and other industrial products. MEGlobal is a joint venture between Dow and Petrochemical Industries Company (PIC) of Kuwait. Through its ownership interest in EQUATE, Dow retains a 42.5 percent ownership stake in MEGlobal.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
Lululemon Athletica inc. (NASDAQ:LULU)‘s shares surged 0.57% to $53.19. The last trading range of Lululemon Athletica inc. (NASDAQ:LULU) ranges between $52.43 and $53.59. The EPS of the company stands at $1.83. The 52-week range shows that the stock reached higher at $70.00 while its lower range is $43.14 in the last 52-weeks. The average volume of the company is at 4.28 million with the Outstanding Shares of 128.75 million. The market capitalization of the company is $4.28 billion. The Beta of the company stands at 1.02 with the RSI (Relative Strength Index) of 61.38.
lululemon athletica inc., together with its auxiliaries, designs, manufactures, and distributes athletic apparel and accessories for women, men, and female youth. It operates through two segments, Corporate-Owned Stores and Direct To Consumer.
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