The stock markets are closed and now it’s time to take a look over the main events of the day and take a look on stocks which were among the volume leaders on Thursday. These stocks include: Microsoft Corporation (NASDAQ:MSFT), General Electric Company (NYSE:GE), Rite Aid Corporation (NYSE:RAD), Facebook Inc (NASDAQ:FB), and Cisco Systems, Inc. (NASDAQ:CSCO)
Microsoft Corporation (NASDAQ:MSFT) is probably one of the stocks that will be in the center of attention after the closing bell, since it has released its quarterly financial figures. Microsoft Corporation (NASDAQ:MSFT) closed 0.12% lower at $28.79 in deals worth $55.6 million. According to 4-traders, Microsoft Corporation (NASDAQ:MSFT), CFO Peter Klein is planning to leave at the end of June. The company posted $6 billion in fiscal third quarter profit ($0.72 per share), which is higher than $5.1 billion reported last year, and is above Wall Street’s average estimate of $0.68.
In deals worth $41.1 million, General Electric Company (NYSE:GE), edged down by 0.40% to $22.67. General Electric Company (NYSE:GE) is releasing its financial figures today, a statement on NASDAQ said. “The diversified operations company’s consensus earnings per share forecast from the 9 analysts that follow the stock is $0.35. This value represents a 2.94% increase compared to the same quarter last year,” the statement indicated.
Rite Aid Corporation (NYSE:RAD) increased by 6.22% to $2.39 in turnover worth almost $39.2 million. The company represents an interesting target for acquisition, since it posted a profit after six years of losses. The turn of figures was achieved due to a macro shift to generic drugs and a restructuring strategy to lower costs and elimination of unprofitable locations. “Yet still the company’s margins are barely producing a profit and because of the upside in margins that exists, combined with its large market presence, it is very possible that this undervalued company could become highly attractive as an acquisition target,” Insider Monkey reported earlier.
Facebook Inc (NASDAQ:FB) was also actively traded yesterday, falling by 3.51% to $25.69 in deals worth almost $39 million. Facebook Inc (NASDAQ:FB) has not so far ago announced about a new product, Facebook Home. However the Home application has some difficulties at its start. And if on paper the whole idea looked good, in reality according to feedback from users that have downloaded the app from the Google online app store, the app received the lowest rating of all Facebook-related apps on Google Play.
Cisco Systems, Inc. (NASDAQ:CSCO) has also made the list with a turnover of $35.4 million. The stock picked down 0.24% to $20.58. We have discussed today about Cisco Systems, Inc. (NASDAQ:CSCO) being included as one of the Fortune’s list of “Best Companies to Work For”. The company has many benefits that it offers to its employees and has been included in the list for the last 16 years in a row, and that’s why 82% of the workers of Cisco Systems, Inc. (NASDAQ:CSCO) are satisfied with their workplace.