Stocks in a New Downtrend (ADX) – GFA, GSG, HIL, ICE, IO
by Matt Tindall in Business on May 06, 2011
Gafisa SA (ADR) (NYSE:GFA) percentage change fell -0.82%, to close at $10.93 and its overall traded volume was 4.50M shares in the last trading session. GFA opened at $10.98 and is trading within the range of $10.85-$11.22. The stock has a 52 week low of $10.03 and 52 week high of $18.24. GFA’s market capitalization is $2.36B and it has 215.99M outstanding shares.Gafisa S.A. (Gafisa) is a diversified national homebuilder serving all demographic segments of the Brazilian market. The Company’s brands include Tenda, which serves the affordable entry-level housing segments, Gafisa, which offers a variety of residential options to the mid to higher income segments and Alphaville, which focuses on the identification, development and sale of residential communities. In addition, it provides construction services to third parties. Gafisa’s core business is the development of residential units in attractive locations. During the year ended December 31, 2009, approximately 55% of the value of its launches was derived from high and mid high-level residential developments under the Gafisa brand. It is also engaged in the development of land subdivisions, also known as residential communities under the Alphaville brand, and affordable entry-level housing, which represents approximately 27% of the value of its launches under the Tenda brand.
iShares S&P GSCI Commodity-Indexed (ETF) (NYSE:GSG) fell -7.06%, to close at $34.86 and its overall traded volume was 990,848.00 shares in the last trading session. GSG shares were trading within the range of $34.68-$36.65 while its opening price was $36.22. The stock has a 52 week range of $25.95 – $39.37. GSG’s market capitalization is $1.84B and it has 52.75M outstanding shares.iShares S&P GSCI Commodity-Indexed Trust (the Trust) issues units of beneficial interest, called shares, representing fractional undivided beneficial interests in its net assets. The assets of the Trust consist of interests in the iShares S&P GSCITM Commodity-Indexed Investing Pool LLC (Investing Pool). The investment objective of the Trust is to seek investment results, through the Trust’s investment in the Investing Pool, that correspond generally, but are not necessarily identical, to the performance of the Index, before payment of expenses and liabilities of the Trust and the Investing Pool. The Sponsor of the Trust and the Manager of the Investing Pool is BlackRock Asset Management International Inc. (BAMII).
Hill International Inc. (NYSE:HIL) fell -8.33%, to close at $4.40 and its overall traded volume was 190,335.00 shares in the last trading session. HIL opened at $4.77 and is trading within the range of $4.32-$4.86. The stock has a 52 week low of $3.59 and 52 week high of $6.96. HIL’s market capitalization is $168.32M and it has 38.25M outstanding shares.Hill International, Inc. (Hill) provides fee-based project management and construction claims services to clients worldwide, but primarily in the United States, Europe, the Middle East, North Africa and Asia/Pacific. The Company’s clients include the United States and other national governments and their agencies, state and local governments and their agencies and the private sector. Hill operates in two segments: the Project Management Group and the Construction Claims Group. On December 15, 2009, the Company acquired Boyken International, Inc. (Boyken). On December 31, 2009, the Company acquired TRS Consultants, Inc. (TRS). On February 27, 2009, the Company sold its indirect 65% interest in 1226545 Ontario Ltd. (1226545 Ontario). In June 2010, the Company acquired McLachlan Lister Pty. Ltd. In July 2010, Hill International Inc. acquired the Construction Management Division of dck worldwide, LLC. In November 2010, the Company acquired TCM Group, Inc.
IntercontinentalExchange, Inc. (NYSE:ICE) percentage change dropped -0.69%, to close at $114.06 and its overall traded volume was 964,754.00 shares in the last trading session. ICE opened the day at $114.30, it made an intraday low of $112.23 and an intraday high of $115.33. The stock has a 52 week range of $92.18 – $135.38. At current market price, the market capitalization of the company stands at $8.39B and it has 73.52M outstanding shares.IntercontinentalExchange, Inc. (ICE) is an operator of global futures exchange and over-the-counter (OTC) markets and derivatives clearing houses. ICE operates futures and OTC marketplaces for trading an array of energy and agricultural commodities, credit default swaps (CDS), equity index and foreign exchange contracts. The Company operates in three segments: futures segment, global OTC segment and market data segment. Its core products include contracts-based on crude and refined oil products, natural gas, power, coal, emissions, sugar, cotton, coffee, cocoa, canola, orange juice and CDS. ICE operates its exchanges and OTC energy markets primarily on its electronic trading platform. The Company also offers execution services for OTC swap contracts on a bilateral basis. In February 2011, the Company acquired Ballista Securities. On July 8, 2010, the Company completed the acquisition of Climate Exchange plc (CLE).
ION Geophysical Corporation (NYSE:IO) percentage change dropped -6.67%, to close at $10.08 and its overall traded volume was 5.31M shares in the last trading session. IO shares were trading within the range of $9.70-$10.39 while its opening price was $9.79. The 52-week range of the stock is $3.26 – $13.92. IO’s market capitalization is $1.54B and it has 153.03M outstanding shares.ION Geophysical Corporation (ION) is a technology-focused seismic solutions company, which provides seismic data acquisition equipment, seismic software, and seismic planning, processing, and interpretation services to the global energy industry. The products and services are used by oil and gas exploration and production (E&P) companies and seismic acquisition contractors to generate images of the subsurface during exploration, exploitation, and production operations. The Company’s products and services include land and marine seismic data acquisition equipment; navigation, command and control, and data management software products; planning services for survey design and optimization; seismic data processing and reservoir imaging services, and seismic data libraries. In September 2008, ION completed the acquisition of ARAM Systems Ltd. and Canadian Seismic Rentals Inc.
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