Dell to Decrease 2013 Laptop Offering and 4 Stocks that Have Hit 52-Week Lows
Build-A-Bear Workshop (NYSE:BBW): Parametric Sound (PAMT) announced that Build-A-Bear Workshop will include the company’s directed sound product in six newly designed stores that will be opened across the United States this year. HyperSound, or HSS, allows the retailer to simultaneously operate multiple interactive kiosks within the store, each playing its own specific audio message. This is made possible by HSS’s unique ability to target specific listening areas. Their shares closed at $3.82, down $0.08 or 2.05% on the day. They have traded in a 52-week range of $3.82 to $8.80.
Dell Inc. (NASDAQ:DELL): According to DigiTimes who has cited Taiwan-based component makers, notebook vendors including Hewlett-Packard (NYSE:HPQ), Toshiba (TOSBF), Samsung (SSNLF), Dell Inc., Asustek and Acer will decrease the number of models they launch in 2013. This is due to the decreasing global demand. Their shares closed at $9.80, down $0.05 or 0.51% on the day. They have traded in a 52-week range of $9.78 to $18.36.
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Jakks Pacific (NASDAQ:JAKK): JAKKS Pacific and NantWorks LLC entered into definitive agreements to create a joint venture company, DreamPlay Toys LLC. They will develop a market for selling toys and consumer products that will incorporate NantWorks’ proprietary iD image recognition technology. The new line of merchandise is expected to be introduced at next month’s Los Angeles Toy Fair and January 2013 at the Consumers Electronics Show in Las Vegas. JAKKS Pacific will be responsible for the development, marketing, sales and distribution of these products. Their shares closed at $14.00, down $0.57 or 3.91% on the day. They have traded in a 52-week range of $13.29 to $19.76.
Moneygram International (NYSE:MGI): MoneyGram International and Walmart (NYSE:WMT) announced a new three year agreement for MoneyGram to continue providing their branded financial products including money transfers, bill payment and money orders at all Walmart stores in the U.S. and Puerto Rico. Under the terms of the agreement, MoneyGram, continuing a thirteen year relationship with Walmart, is the preferred provider of money transfers there. Their shares closed at $17.01, up $2.07 or 13.86% on the day. They have traded in a 52-week range of $13.66 to $23.04.
Nidec Corporation (NYSE:NJ): Under their ongoing repurchase plan that was resolved at a meeting of the Board of Directors on June 9, Nidec Corporation announced the status of their own share repurchase. From Sep. 1-30, Nidec purchased 260,300 common shares for 1,528,775,000 yen. Their shares closed at $17.90, down $0.49 or 2.66% on the day. They have traded in a 52-week range of $18.11 to $24.71.
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