Prudential Public Limited Company (ADR) (NYSE:PUK)’s shares slipped on Friday after the insurer was removed from the Americas Conviction Buy list at Goldman Sachs, which said there were better opportunities in the insurance and financial services sector. Goldman analyst Christopher Giovanni said he continues to view “PRU as one of the best opportunities in the space as its VA book trades at a discount vs. peers despite a better risk profile and favorable cash flows that will release capital as sales grow.”Giovanni replaced PUK with Met Life (MET) on Goldman’s Conviction buy list, saying it is more attractive to incremental investors given better leverage to rates and a more favorable valuation. Prudential Public Limited Company (ADR) (NYSE:PUK) stock performance was -1.04% in last session and finished the day at $46.74. Traded volume was 148,479 shares in the last session and the average volume of the stock remained 231.30 thousand shares. The beta of the stock remained 1.83.
Cell Therapeutics Inc (NASDAQ:CTIC)’s shares climbed 12.99% to $2.87. Cell Therapeutics’ stock was initiated with a Buy at Ladenburg on May 22 and price target set at $6. Additionally, the company on Apr. 29 reported financial results for the first quarter ended March 31, 2014. For the quarter ended March 31, 2014, CTIC reported revenue of $1.4 million, compared to revenue of $1.1 million for the same period in 2013. Cell Therapeutics Inc (NASDAQ:CTIC) dropped -0.35 percent to $2.86 yesterday on volume of 2,161,086 shares. The intra-day range of the stock was $2.77 to $2.88. Cell Therapeutics Inc (NASDAQ:CTIC) has a market capitalization of $428.51 million.
Japan’s Honda Motor Co Ltd (ADR) (NYSE:HMC) has slashed auto production 40% at one of its Thai factories as car sales plunge in the Southeast Asian nation in the throes of a military coup. Production at Honda’s Ayutthaya plant, which has a capacity of 300,000 cars a year, has been adjusted “according to the domestic situation.” Honda Motor Co Ltd (ADR) (NYSE:HMC)’s stock on May 23, 2014 reported an increase of 1.31% to the closing price of $34.71. Its fifty two weeks range is $32.42 -$42.96. The total market capitalization recorded $62.56 billion. The overall volume in the last trading session was 1,095,038 shares. In its share capital, Honda Motor Co Ltd (ADR) (NYSE:HMC) has 1.80 billion outstanding shares.
General Motors Company (NYSE:GM) announced on Friday that it is recalling about 500 of its redesigned full-size pickups and SUVs from the 2014 and 2015 model years because a supplier provided a potentially faulty part in the control module for the trucks’ airbags. The recall comes a day after GM announced that global product chief Mark Reuss will lead a new team of five executives charged with determining when and if the GM should recall vehicles — moving that responsibility unequivocally into the top executive ranks. On Friday, shares of General Motors Company (NYSE:GM) advanced 0.63% to close the day at $33.63. Company return on investment (ROI) is 3.70% and its monthly performance is recorded as -1.58%. General Motors Company (NYSE:GM) quarterly revenue growth is -7.18%.