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Stocks With Major News: MGM Resorts International (NYSE:MGM), Kennametal Inc. (NYSE:KMT), International Business Machines Corporation (NYSE:IBM)

Stocks With Major News: MGM Resorts International (NYSE:MGM), Kennametal Inc. (NYSE:KMT), International Business Machines Corporation (NYSE:IBM)
Written by
Ryan Mitchell
Published on
October 31, 2014
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MGM Resorts International (NYSE:MGM) released that its third quarter loss of $0.02 a share, excluding non-recurring items, $0.08 lower than the Capital IQ Consensus Estimate of $0.06. The firm's net revenue at the firm's wholly owned domestic resorts surged 2% compared to the prior year quarter. Shares of MGM Resorts International (NYSE:MGM) opened at $22.33 with 490.74 million outstanding shares and hit to its highest price of $23.56 during the day and finally closed at $22.98 by scoring 0.39%. In the whole session, it traded on volume of 21.67 Million shares, which turned higher than its average volume.Kennametal Inc. (NYSE:KMT) releaed that its first quarter earnings of $0.56 a share, $0.01 improved than the Capital IQ Consensus anticipates of $0.55. The firm released downside outlook for FY15. The firm previously had forecast total sales growth in the range of 5-7%, with organic sales growth of 3-5%. Kennametal Inc. (NYSE:KMT) stock hit highest price at $39.95, beginning with a price of $38.24 to the closed at 38.09 by a lose of -8.61% with a day range of $37.93-$39.95. The total market capitalization remained 2.997 Billion, total volume of 1.61 Million shares held in the session was surprisingly higher than its average volume of 632.54 shares.International Business Machines Corporation (NYSE:IBM) (IBM) along with Repsol S.A. (REPYY) reported the world's first research partnership to leverage cognitive technologies that will help transform the oil and gas industry. International Business Machines Corporation (NYSE:IBM) begun last trade with a price of $163.50 and throughout the trading session climbed at $164.62. The day-trade ended with an advance of 0.54% to closed at $164.35. The stock is going forward its fifty-two week low with 2.02% and lagging behind from its 52 week high price with -16.53%. IBM last month stock price volatility remained 1.51%.

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