VimpelCom Ltd (ADR) (NYSE:VIP) reported on Friday that the mobile phone company lifted its stake in Euroset to 50% after rival MegaFon completed an indirect agreement that will ultimately offer it control of the other half of the mobile-phone company.
Russian mobile operator Vimpelcom, which had earlier possessed 49.9% of Euroset, boosted its stake by 0.1% point to keep its holding aligned with that of Lefbord Investments Ltd, which purchased 50% of the retailer in a pact worth at $1.07 billion.
MegaFon, Russia’s second-biggest mobile operator, and Usmanov paid a mixed $1.07 billion to purchase equal stakes from billionaire Alexander Mamut.
Its competitors include MBT Financial Corp (NASDAQ:MBTF) that increased +4.72% to $2.44 with the total traded volume of 27,000.00 shares and Telefonica S.A. (ADR) (NYSE:TEF) that dropped -1.15% to $12.89 with the total traded volume of 567,687.00 shares.
Other Technology stocks with bullish trend include Nokia Corporation (ADR) (NYSE:NOK) up +0.67% to $3.78, Facebook Inc (NASDAQ:FB) up +1.15% to $27.29 and Groupon Inc (NASDAQ:GRPN) up +7.11% to $4.08, whereas with bearish trend include Microsoft Corporation (NASDAQ:MSFT) down -0.99% to $26.45, Cisco Systems, Inc (NASDAQ:CSCO) down -0.51% to $19.38 and Advanced Micro Devices, Inc (NYSE:AMD) down -0.85% to $2.32.
VimpelCom Ltd (ADR) (NYSE:VIP) increased +1.02% or +$0.10 to trading at $10.92 following it hit intra day high level of $10.90. The total traded volume in the current trading session is 132,292.00 shares as compared to average 1.24 million shares. Its fifty two week trading range is $7.05 – $12.55. The total market capitalization reached $22.36 billion.
The stock price was ahead its 52 week low price with +53.90% and it lagged behind -13.55% from its 52 week maximum mark. Stock price volatility for last month remained 3.08%. In its share capital, the company has 1.30 billion outstanding shares out of which 957.42 million shares have been floated in the market. For now, stock ownership with company’s management remained 35.39%.
VIP presented a optimistic weekly performance of +5.56% with respect to its rate of return and it remained -4.25% for the month. However, the performance for a quarter experienced a negative change of -1.55% and it decreased -8.38% for a year and its year to date performance remained in green with +14.26%.
Current stock price is in the downbeat territory taking into account of 20 days moving average with +2.12% and continued pessimistic run for 50 days moving average –1.97%. Its earning per share for the past twelve months was $0.40.
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