Investors often get to see many analyst upgrades and Buy ratings from Wall Street firms, but they often miss when analysts say to sell or avoid a stock. 24/7 Wall St. reviews ... Lufkin Industries Inc. (NASDAQ: LUFK) was downgraded …
After initially rising in extended-hours trading, Alcoa’s stock slid 1.1 percent to $8.30 ... General Electric Co (GE.N) said it will buy oilfield pump maker Lufkin Industries Inc LUFK.O for about $2.98 billion, driving Lufkin shares up 37.6 percent ...
U.S. stock futures were slightly higher ... In other corporate news, General Electric (GE) said it planned to buy energy company Lufkin Industries (LUFK) for $3.3 billion. Shares of Lufkin, which builds and maintains equipment for oil and …
Diversified conglomerate General Electric Co. (GE ... GE Capital and for it to return significant cash to GE," said GE Chairman and CEO Jeff Immelt. In 2013, GE intends to return $18 billion cash to its shareholders, including repurchase …
That may put Key Energy Services Inc. (KEG) and Lufkin Industries Inc. (LUFK) on its wish list ... largest provider of pressure-pumping services at the time, in a cash-and-stock deal to compete for the larger integrated projects by adding …
(That's "quoderat demonstrandum," for you English majors, not a new stock symbol.) Energy Politics Key points of ... NBL); Lufkin Industries Inc. (Nasdaq: LUFK); Rio Tinto Plc (NYSE ADR: RIO); Sprint Nextel Corp. (NYSE: S); Smith & …
(Reuters) - General Electric Co (GE.N) warned of slowing profit growth in its industrial businesses due to weakness in Europe and sliding turbine sales, unnerving Wall Street and pushing its stock down in ... Industries Inc LUFK.O for …
Shares of LUFK are currently trading for roughly $30 below their 52-week highs — now that the momentum players have left the stock. This allows value hounds to come in scoop up shares at a more reasonable price. As of this writing, …
(Reuters) - General Electric Co (GE.N) is buying oilfield pump maker Lufkin Industries Inc LUFK.O for $2.98 billion (1.94 billion ... a premium of more than 38 percent to the stock’s Friday close. Lufkin shares rose 37.9 percent to $88.16 in …
GE, BAC, AMD, IBM, AOS, JNJ, NOK, C, LSTR and GS were all losers. CSX, WDFC, ABT, LUFK, GOOG and HOG were all winners. More big losers than winners thus far yet the market is holding up pretty well. That too has to be respected. …