The Boeing Company (NYSE:BA), the world’s biggest air plane maker, announced softening demand for its 747-8 passenger and freighter air jets, prompting the company to lower output to 1.75 jets per month from 2.
However, the airplane maker projects air cargo market expansion to resume in 2014.
At the current trading session, The Boeing Company (NYSE:BA) shares are up +1.32% to $87.26 while the stocks are trading within the range of $86.78 – $88.08. In the past year, the stock has traded within a range of $66.82 – $89.46. The current session’s volume of 982,290 shares is lower from their average daily trading volume of 4.86 shares.
Velti Plc (NASDAQ:VELT) shares tumbled in premarket trading session following the news that it has decided to sell 16.5 million stake to certain institutional investors at a 12 percent discount to Thursday’s closing price.
Shares of the mobile marketing company tumbled 2.4 percent to $1.66 in recent premarket trading, however stayed above the per-share offer price of $1.50.
The company announced gross proceeds from the offering are $24.8 million.
Velti Plc (NASDAQ:VELT) shares are down -0.88% to $1.68 while the stock is trading within the range of $1.56 – $1.75 in the current trading session. In the last 12 months the shares have traded between $1.56 and $13.01. The current session’s volume of 1.29 million shares is lower from their average daily trading volume of 2.88 million shares.
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