Performance Of Several Companies Post Morning Irish Jolt
Tuesday, November 30, 2021 8:53 AM

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Many speculations surrounded the markets after the early jolt to the stock exchanges arising from Ireland's bailout fund crisis.Several companies recovered well to end the day's trading on a much better note. The most positive market movers of the day included Amarin Corporation PLC (NasdaqCM: AMRN), Governor and Company of the Ban (NYSE: IRE) and Rubicon Minerals Corporation (AMEX: RBY).

Amarin Corporation PLC (NasdaqCM: AMRN), boosted by its success of Phase III clinical results for its cardiovascular drug compound AMR101, has recorded a 64.79 percent growth during Monday's trading to close at 5.85 points. The company has declared that it has enough financial resources to finish the trials of AMR101 and submit a fresh application with the United States Food and Drug Administration (FDA) in 2011.

The Governor and Company of the Ban (NYSE: IRE) has registered a 27.08 percent growth in the day's trading above its Friday's trading to close at 1.83 points. The failure of European governments to bail out Ireland seems to have little impact on the company. The Allied Irish Banks PLC (NYSE: AIB) posted a 4.39 percent positive growth above its Friday's closing.

Rubicon Minerals Corporation (AMEX: RBY) showed lots of promise on Monday when it recorded 36.34 percent growth over its Friday's trading closing at 6.04 points.

The Wells Fargo & Company (NYSE: WFC) led the US financial sector positive growth as it closed the day's trading at 27.20, which was 2.06 percent better than its Friday's trading.

Bank of America Corporation (NYSE: BAC), which was on a slow note throughout the day's trading on Monday, closed at 11.31 points showing a gain of 1.71 percent compared to its last trading.

Monday's trading turned out to be a good day for General Electric Company (NYSE: GE) with a positive 1.08 percent gain to close at 15.97 points.

Despite the recovery shown by the above, many other companies were unable to recover from the Irish shocker as they closed the day's trading on a bearish front. Companies which posted negative results on Monday included Oracle Corporation (NasdaqGS: ORCL), SAP AG (NYSE: SAP), and Banco Santander SA (NYSE: STD).

Banco Santander SA (NYSE: STD), which rallied behind during Monday's trading, lost up to 2.21 percent and closed at 9.74 points.

Direxion Financial Bear 3X (NYSEArca: FAZ) had a bumpy ride on Monday. The stock closed at 12.33 points, 1.67 percent less than its last trading session.

Oracle Corporation (NasdaqGS: ORCL) showed some good results in the last week's trading after its victory over SAP AG in the copyright infringement case. However, the company disappointed traders on Monday, when it slipped 0.98 percent to reach 27.22 points.

As everyone expected, SAP AG (NYSE: SAP) is still under pressure. It seems the hefty fine imposed on it by United States federal court is still haunting the company as it had another disappointing day at the stock exchange. It closed Monday's trading at 47.62 points, 1.55 percent below its trading on Friday.

Hewlett-Packard Company (NYSE: HPQ), recently sued by several of its shareholders over the dismissal of former CEO Mark Hurd, closed Monday's trading at 42.60 points losing1.39 percent compared to its Friday's trading.

 

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