Large Cap Stock Losers – Altera Corporation, Campbell Soup Company and Best Buy Co Inc

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Campbell Soup Company
Campbell Soup Company

After it was revealed that Best Buy Co., Inc. (NYSE:BBY) gotten beaten by $0.05 on EPS and the company reported in-line revenues, shares of Best Buy Co., Inc. (NYSE:BBY) went down by -8.2% during the last session. Best Buy expects the income rate for operating in its fourth quarter to headwind at prior guidance’s higher end; the company also gave a reaffirmation on its guidance headwinds for 2015. Shares of Best Buy Co., Inc. (NYSE:BBY) closed at $38.78 yesterday. Stock Institutional ownership of the company’s stock is 79.00% whereas its insider ownership is 0.80%. BBY’s share capital has outstanding shares of 340.40 billion out of which 275.89 billion are floating in the market.

After revealing the news of stocks of Altera Corporation (NASDAQ:ALTR) being taken off from Goldman’s Conviction Buy List, shares of Altera Corporation (NASDAQ:ALTR) declined by -3.54%). Stock of Altera Corporation (NASDAQ:ALTR) saw its highest value of $32.28 after starting off at a value of $32.04 and then went down by -4.34%; the stock closed at $31.06 and had its day range between $30.99 and $32.28. Stock’s market capitalization stands at $9.97 billion; ALTR stock had a 9.75 million volume share during the session, which is less than its average share volume that stands at 3.42 million.

After revealing the news of Campbell Soup Company (NYSE:CPB) missing by $0.23 on EPS and also missing on its revenues, the shares of Campbell Soup Company (NYSE:CPB) went down -5.93%. Guidance and revenue for 2014 was also lowered by the company below consensus. On the 19th of November, stock of Campbell Soup Company (NYSE:CPB) declined by -6.24% and closed at $39.20. Company’s 52 week range was between $34.30 and $48.83. Stock’s market capitalization is $12.29 billion. The share volume during the last session of trading was recorded at 7.04 million. Stock’s share capital has outstanding shares of 313.52 million.

 

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