On Wednesday, Kate Spade & Co (NYSE:KATE)’s shares inclined 0.09% to $21.59.
Kate Spade & Co (KATE) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for KATE broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved lower by 5.4% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for KATE stock.
If that wasn’t enough, Kate Spade isn’t looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come.
Kate Spade & Company, together with its auxiliaries, designs and markets apparel and accessories. The company operates in three segments: KATE SPADE North America, KATE SPADE International, and Adelington Design Group. It offers handbags, briefcases, small leather goods, fashion accessories, jewelry, fragrances, and apparel for men, women, and children; and holds licensing agreements for footwear, swimwear, watches, optics, tabletop products, legwear, electronics cases, bedding, and stationery. The company markets and sells its products under the kate spade new york, KATE SPADE SATURDAY, JACK SPADE, AXCESS, MARVELLA, and TRIFARI brand names.
Lennar Corporation (NYSE:LEN)’s shares gained 0.04% to $51.06.
Lennar Corporation (LEN), one of the nation’s largest homebuilders, declared that its Board of Directors has declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on July 22, 2015 to holders of record at the close of business on July 8, 2015.
Lennar Corporation, together with its auxiliaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments. Its homebuilding activities primarily comprise the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, in addition to the purchase, development, and sale of residential land.
At the end of Wednesday’s trade, Digital Realty Trust, Inc. (NYSE:DLR)‘s shares surged 2.59% to $68.41.
Digital Realty Trust Inc. (DLR) declared that its operating partnership partner, Digital Realty Trust, L.P, has priced a $500-million underwritten public offering, bearing a rate of 3.950%. The pricing of these notes is predictable to boost the San Francisco, CA-based real estate investment trust’s (“REIT”) financial flexibility.
Digital Realty Trust intends to utilize the net proceeds generated from this public offering for financing certain green projects. Remaining proceeds, if any, will be used for repayment of borrowing under the global revolving credit facility.
Digital Realty Trust supports the data center and colocation strategies of over 600 firms located throughout North America, Europe, Asia and Australia. Amid growing demand from the U.S. companies for data and video, fiber optic services and data storage businesses are gaining much traction. In order to carry out these activities on an raised level, the company is seeking more funding options.
Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and administration of technology-related real estate. It focuses on plannedally located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users, counting the information technology departments of Fortune 1000 companies, and financial services companies.
Safe Bulkers, Inc. (NYSE:SB), ended its Wednesday’s trading session with -2.80% loss, and closed at $3.13.
Safe Bulkers, Inc. (SB) an international provider of marine drybulk transportation services, declared recently that its Board of Directors has called an annual meeting of the stockholders to be held on September 9, 2015, at 16:00 p.m., French local time at Fairmont Hotel, 12 Avenue des Spélugues, Monte Carlo, 98000, Monaco.
Stockholders of record at the close of business on July 13, 2015 will be entitled to receive notice of, and to vote at, the annual meeting, or any adjournments or postponements thereof.
Formal notice of the meeting and/or the Company’s proxy statement will be sent to stockholders of the Company in due course.
Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. It is involved in the acquisition, ownership, and operation of dry bulk vessels for transporting bulk cargoes, primarily coal, grain, and iron ore. Its fleet comprises of Panamax, Kamsarmax, Post-Panamax, and Capesize class vessels. As of February 24, 2015, the company had a fleet of 33 drybulk vessels with an aggregate carrying capacity of 3,019,700 deadweight tons; and an average age of 5.8 years. Safe Bulkers, Inc. was founded in 2007 and is based in Athens, Greece.
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