Among the thousands of companies publicly listed on the stock market, for an investor it is particularly crucial to focus on companies that really deserve the attention. Volume leaders for Thursday are: Hewlett-Packard Company (NYSE:HPQ), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), and Wynn Resorts, Limited (NASDAQ:WYNN).
Hewlett-Packard Company (NYSE:HPQ) has always been a popular company, however, its coverage increased lately due to the previous-quarter earnings results recently revealed by the company. As for the third quarter, Hewlett-Packard posted an 8% decline on the year in terms of net revenue, which amounted to $27.2 billion.
The GAAP EPS of the company surged to a positive $0.71 per diluted share, from the previous-year loss of $4.49 per share. In addition, the chief operating officer of HP, Bill Veghte, was named the executive vice president and general manager of the HP Enterprise Group. However, despite positive financial results, the stock of HP dropped by over 13% to almost $22 in today’s morning trading, becoming also the leader in trading volume, with a volume of over $38.9 million.
Another company that is worth attention is Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), whose stock appreciated by about 3.7% to over $14 in deals worth $13.8 million, the third-largest trading volume. Despite a relatively positive six months, which showed a 77% increase in net income, in year-on-year terms, Petroleo Brasiliero was recently downgraded by Zacks, and received the “Underperform” rating, from the previous “Neutral”, The Utah People’s Post reported. The total, year-to-date return of Petroleo Brasiliero’s stock amounts to below -27%, the stock sporting a P/E near 6.
Wynn Resorts, Limited (NASDAQ:WYNN) is the third company that is trending on Thursday. The stock of Wynn Resorts gained over 1.3% in the first half of the day and is currently trading at $140.9 per share, close to its 52-week high of about $144. Since the beginning of the year, the stock of the company has advanced by over 25%, while the P/E is near 25x. A piece of news involving Wynn Resorts came from the University of Iowa, which said at the beginning of the month, that Stephen A. Wynn, the chairman and CEO of Wynn Resorts donated $25 million to the University, and particularly for the Vision Research Institute.