Mechel OAO (ADR) (NYSE:MTL) stock tumbled in premarket trading session on Monday after the company announced it slipped to a hefty loss in fiscal Q4, mainly due to sharply higher impairment charges plus lower mining and steel revenues.
The mining and steel group’s net loss was $1.11 billion in its fourth quarter, evaluated against a profit of $54.91 million in previous year.
Most recent quarter results were hurt by impairment of long-lived assets and goodwill and provision for amounts due from related parties of $909.87 million, mainly over previous year’s charges of $77.22 million.
At the current trading session, Mechel OAO (ADR) (NYSE:MTL) shares declined -7.44% to $3.98 while The Stock traded within the range of $3.87 – $4.27. In the past year, the stock has traded within a range of $3.87 – $9.59. The current session’s volume of 2.24 million shares is down from the average daily trading volume of 2.30 million shares.
MetroPCS Communications Inc (NYSE:PCS), based in Richardson, Texas, changed the terms for its planned merger with Deutsche Telekom unit T-Mobile USA, and requested shareholders to vote for the agreement.
The action follows Deutsche Telekom sweetening its bid previous Wednesday, accepting pressure from activists and proxy advisory companies.
Shares of MetroPCS plunged around 2% in premarket trading session on Monday.
MetroPCS Communications Inc (NYSE:PCS) shares are down -3.73% to $11.09 while the stock is traded within the range of $10.91 – $11.14 in the current trading session. In the last 12 months the shares have traded between $5.53 and $14.51. The current session’s volume of 4.11 million shares is lower than their average daily trading volume of 10.12 million shares.
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