At first, the gifts seemed innocent enough: a free dinner and a private helicopter tour over the Grand Canyon. By the end of it, though, the Polish official was standing in a Warsaw parking lot, accepting $100,000 in bags of cash, given to him in exchange for multi-million-dollar government contracts.
You might be thinking that this government employee was being paid off by the mafia or some shadowy military contractor, but think again: According to the SEC and Polish prosecutors, the official was allegedly bribed by white-collar executives within Hewlett Packard (NYSE:HPQ) and IBM (NYSE:IBM), the American blue chip technology firms.
In 2014, the SEC charged HP with violating the Foreign Corrupt Practices Act in Poland. At the time, the agency explained HP executives "provided gifts and cash bribes worth more than $600,000 to a Polish government official to obtain contracts with the national police agency."
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Top Blue Chip Stocks To Watch Right Now: Foundation Medicine, Inc.(FMI)
Advisors' Opinion:- [By Joseph Griffin]
Amundi Pioneer Asset Management Inc. cut its stake in shares of Foundation Medicine Inc (NASDAQ:FMI) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 273,821 shares of the company’s stock after selling 768 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Foundation Medicine were worth $21,563,000 as of its most recent filing with the SEC.
- [By Dan Caplinger]
Wall Street continued to struggle on Tuesday, with major benchmarks posting larger losses than those seen in recent sessions. A new round of escalation in trade conflict between the U.S. and China was the proximate cause for concerns among investors, as the White House threatened to add tariffs on another $200 billion in Chinese goods. Despite the broader worries, some companies still had good news that sent their individual shares higher. CVS Health (NYSE:CVS), Foundation Medicine (NASDAQ:FMI), and Solid Biosciences (NASDAQ:SLDB) were among the best performers on the day. Here's why they did so well.
- [By Shane Hupp]
Shares of Foundation Medicine Inc (NASDAQ:FMI) hit a new 52-week high and low on Tuesday . The company traded as low as $108.65 and last traded at $107.25, with a volume of 22037 shares trading hands. The stock had previously closed at $107.20.
Top Blue Chip Stocks To Watch Right Now: Argan, Inc.(AGX)
Advisors' Opinion:- [By Joseph Griffin]
State Board of Administration of Florida Retirement System decreased its holdings in Argan, Inc. (NYSE:AGX) by 26.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,343 shares of the construction company’s stock after selling 1,907 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Argan were worth $229,000 at the end of the most recent reporting period.
- [By Max Byerly]
Federated Investors Inc. PA raised its position in Argan, Inc. (NYSE:AGX) by 26.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 99,678 shares of the construction company’s stock after buying an additional 20,936 shares during the period. Federated Investors Inc. PA’s holdings in Argan were worth $4,282,000 as of its most recent filing with the SEC.
- [By Logan Wallace]
Media stories about Argan (NYSE:AGX) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Argan earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 45.7492523122329 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Top Blue Chip Stocks To Watch Right Now: Snap Inc. (SNAP)
Advisors' Opinion:- [By Chris Lange]
Snap Inc.’s (NYSE: SNAP) fourth-quarter report is scheduled for Tuesday after the closing bell as well. The consensus forecast calls for a net loss of $0.08 per share on $375.82 million in revenue. Shares ended the week trading at $6.91 apiece. The consensus price target is $7.63, and the 52-week trading range is $4.82 to $21.22.
- [By Paul Ausick]
Snap Inc. (NYSE: SNAP) dropped more than 8% Thursday to set a new 52-week low of $7.56. Shares closed at $8.23 on Wednesday and the stock’s 52-week high is $21.22. Volume was nearly 50% higher than the daily average of around 21.6 million. The company’s price target was cut from $9 to $7 at Evercore ISI. The firm maintained its Underperform rating.
- [By Paul Ausick]
Snap Inc. (NYSE: SNAP) traded down about 6% Tuesday to set a new 52-week low of $7.03 after closing at $7.48 on Monday. The stock’s 52-week high is $21.22. Volume was a bit higher than the daily average of around 22.2 million. Media analyst firm MoffettNathanson this morning cut Snap’s 2019 revenue estimate by 7% and the 2020 estimate by 15%, adding that Snap is “quickly running out of money.”
- [By Rick Munarriz]
Last week's biggest gainer among New York Stock Exchange-listed stocks was Snap (NYSE:SNAP), soaring nearly 32% after posting better-than-expected top-line results and encouraging guidance for its latest quarter. Snapchat's parent company has seen its shares skyrocket 65% in 2019, bucking the trend of sharp declines through its first two years of trading.
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