Jun 25, 2013

Posted by in Featured, Stock Market News | 0 Comments

Stocks with Downtrend – Alcatel Lucent SA (ADR) (NYSE:ALU), Walter Energy, Inc. (NYSE:WLT), Arch Coal Inc (NYSE:ACI), Allergan, Inc. (NYSE:AGN)

Stocks with Downtrend – Alcatel Lucent SA (ADR) (NYSE:ALU), Walter Energy, Inc. (NYSE:WLT), Arch Coal Inc (NYSE:ACI), Allergan, Inc. (NYSE:AGN)

Alcatel Lucent SA (ADR) (NYSE:ALU) initiated a big effort to increase its influence by cutting businesses and jobs as part of a profound cost reduction program. Alcatel-Lucent also reported that it will sell off more than 1 billion euros ($1.33 billion) in assets through 2015, and expects 1 billion euros in cost savings. It is also rearranging debt. The stock dropped more than 7%, with the closing price of $1.80 and its total traded volume was 19.47 million shares in the last trading session.

Walter Energy, Inc. (NYSE:WLT) shares reported the fall of -16.14%, after the company halted its refinancing plan. Walter later confirmed in a statement that the refinancing would not have upturned extra capital, and noted that a $450 million senior note proposing had increased its liquidity earlier this year. Its total traded volume was 17.07 million shares and its closing price was $10.60.

Arch Coal Inc (NYSE:ACI) shares slipped 6.65% and closed at $3.65, after the stock was downgraded by analysts and its price target was decreased, from $6 to $4. In the last trading session, it traded with the total volume of 16.09 million shares. ACI has market cap of 774.70 million. Arch Coal, Inc. (Arch) is a coal producer. During the year ended December 31, 2012, it sold approximately 140.8 million tons of coal, including approximately 4.3 million tons of coal it purchased from third parties, representing roughly 14% of the 2012 United States coal supply.

Allergan, Inc. (NYSE:AGN) stock was downgraded by analysts, sending its shares down. Allergan, Inc. (NYSE:AGN) plunged -11.55% and closed at $81.99 in the last trading session, with the overall traded volume of 15.49 million shares. AGN has earnings per share of $3.74. Allergan, Inc. recently declared that David E.I. Pyott, Chairman of the Board and Chief Executive Officer and the Allegan Board of Directors have named Douglas S. Ingram as President of Allergan.

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