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Stocks Swing On News: Costco Wholesale Corporation (NASDAQ:COST), Time Warner Inc. (NYSE:TWX), EMC Corporation (NYSE:EMC)

Stocks Swing On News: Costco Wholesale Corporation (NASDAQ:COST), Time Warner Inc. (NYSE:TWX), EMC Corporation (NYSE:EMC)
Written by
Ryan Mitchell
Published on
November 6, 2014
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Membership warehouses operator, Costco Wholesale Corporation (NASDAQ:COST) released that its similar sales in October 2014 surged by 4 percent for the total firm. Excluding negative impacts from gasoline price deflation and foreign exchange, comparable sales for the 4-week period rose 7% for the total company. Shares of Costco Wholesale Corporation (NASDAQ:COST) traded at $136.50 by moving down -0.04% with price volatility of 1.38% for a week and 1.62% for a month. Its beta stands at 0.53 times.Time Warner Inc. (NYSE:TWX) exceeded analysts’ profit anticipates previous quarter following collecting higher fees for its TV channels, validating efforts by CEO Jeff Bewkes to keep the firm independent. The firm's Q3 profit, excluding severance costs and a one-time tax benefit, was 97 cents a share, the New York-based company said today in a statement. Analysts predicted 94 cents on average. Sales rose 3.3 percent to $6.24 billion, beating the average estimate of $6.16 billion. Time Warner Inc. (NYSE:TWX) stock hit highest price at $78.29, beginning with a price of $78.27 and reported a gain of 4.03% to the closed at $77.99 with a day range of $75.62-$78.29.EMC Corporation (NYSE:EMC) is facing calls from campaigner shareholder Elliott Management Corp. to spin off its software firm VMware Inc. (VMW), has attracted another outspoken hedge fund. Greenlight Capital Inc., the $10B company run by David Einhorn, released a new “medium-sized” stake in EMC. EMC Corporation (NYSE:EMC) stock has highest price of $29.14 in last session, beginning with a price of $29.02 and reported an increase of 0.45% to the closed at $29.04 with a day range of $28.56-$29.14. The stock is going forward its 52-week low with 27.48% and moving down from its 52 week high price with -3.39%.

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