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Market Movers: Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Cabot Oil & Gas Corporation (NYSE:COG), Corporate Office Properties Trust (NYSE:OFC)

Market Movers: Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Cabot Oil & Gas Corporation (NYSE:COG), Corporate Office Properties Trust (NYSE:OFC)
Written by
Charles Donlon
Published on
October 17, 2014
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Taiwan Semiconductor Manufacturing Co. (NYSE:TSMC) will increase its capital expenditures to more than $10 billion next year, coinciding with the chip foundry's plan to accelerate its ramp-up to commercially produce 16nm FinFET chips. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in last trading activity increased 3.24% to close at $20.72. Company weekly performance is 1.22% while its quarterly performance stands at 1.17%. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is -8.64% away from its 52 week high.Cabot Oil & Gas Corporation (NYSE:COG) will host its third quarter 2014 earnings conference call on Friday, October 24, 2014 at 9:30 a.m. Eastern Time. The Company plans to issue its financial and operating results prior to the market opening on the same day. On last trading day Cabot Oil & Gas Corporation (NYSE:COG) increased 2.90% to close at $31.18. Its volatility for the week is 5.66% while volatility for the month is 3.56%. COG's sales growth for past 5 years was 13.00% and its EPS growth for past 5 years was 4.90%. Cabot Oil & Gas Corporation (NYSE:COG) monthly performance is -7.64%.Corporate Office Properties Trust (NYSE:OFC), a Maryland real estate investment trust, named Anthony Mifsud as its chief financial officer, effective April 1. Mr. Mifsud was previously a senior vice president of finance and treasurer at the company. He will succeed Stephen Riffee, who is leaving the company at the end of March. Mr. Riffee received compensation valued at $1.7 million in 2013, according to a proxy filing. On last trading day Corporate Office Properties Trust (NYSE:OFC) increased 0.04% to close at $25.81. Its volatility for the week is 2.13% while volatility for the month is 1.94%. OFC's sales growth for past 5 years was -2.20% and its EPS growth for past 5 years was -21.20%. Corporate Office Properties Trust (NYSE:OFC) monthly performance is -3.66%.Women held at an immigrant family detention in Texas accuse guards of sexual abusing and harassing them in front of their children, advocacy groups alleged in a complaint filed to federal officials. At least three employees at the Karnes County Residential Center are suspected of engaging in harassment and sexual abuse in the two months since the detention center was first opened to hold immigrant families, lawyers representing the detained women and children alleged. The GEO Group, Inc. (NYSE:GEO), the private for-profit prison firm that runs the facility, strongly denied the allegations, telling NBC News in a statement that “the center provides high quality care” and that the company has been transparent in its operations since the facility opened to families in August. The GEO Group, Inc. (NYSE:GEO) has 2.10% insider ownership while its institutional ownership stands at 53.20%. In last trading activity company's stock closed at $36.40.ESSA Bancorp, Inc. (NASDAQ:ESSA) is one of the best community bank stocks to buy, according to value investing expert Tim Melvin. Despite a strong balance sheet and room to grow, shares are trading at just 85 percent of book value. On Thursday shares of ESSA Bancorp, Inc. (NASDAQ:ESSA) closed at $11.30. Company's sales growth for last 5 years was -0.40%.

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