Active Stock: Honda Motor Co. LTD (NYSE:HMC) Shares Issues an Updates FY16 Earnings Guidance


Saturday, the 1st of Aug was a profitable day at the market for Honda Motor. The company saw an increase in the market of 7.30% which got the trading of its shares to be done at a cost of $33.96.


This massive increase could be due to the recent announcement made by Honda Motors that they will be working on expanding sales in the South America divisions for their Honda Jet. This would be the first time that this initiative will be taken and the expansion of sales will take a head start from Brazil by making an appearance at the Latin America Business Aviation Convention and Exhibition (LABACE) which will be held in São Paulo for two days from Aug. 11 till the 13th.

Honda Motor Co. is a Japanese firm which is known for producing, designing and manufacturing motor bikes, power equipment and automobiles as well. It currently stands at the eighth position in the world for being the largest automobile manufacturer in the world. It was founded in 1948 and from then has been one of the leading names in automobiles and power equipment.

Camden Property Trust on the other hand also saw the same fate at the market as Honda and saw a slight gain at the market. The company faced an increase of 1.18% which made the shares of the company to be traded and closed at a price of $79.63.

This could be due to the company announcing and declaring its financial and operational results for the term ended on 30th of June. One of the highlights of the report was that the construction was finished for Camden Hayden which is located in Tempe, whereas the construction for the Camden Shady Grove in Rockville just started. This was all achieved in the second quarter for the financial year.

Camden Property Trust is a real estate company which is based in Texas. The company is the owner of various apartment units all around the United States of America which it rents and leases out. It develops, designs and then sells and rents out these apartment complexes.

Montpelier Re Holdings didn’t turn out to be lucky at the stock market, the company saw its shares go down by0.84% which resulted the shares to be sold and traded at a price of $42.57.

This could be because recently the company was acquired by Endurance Specialty Holdings Ltd. which is a Bermuda based property and insurance company. Although the acquisition was announced in the end of March but now the whole process has been completed. The whole process has gone through all the regulations and formalities and is now finished.

Montpelier Re Holdings has international clients worldwide and basically provides its clientele with reinsurance solutions and insurance as well. It works via three segments. It also provides insurance whenever any catastrophic damage or natural calamity occurs anywhere.


About the Author

Tanya Jones
Tanya is a senior reporter for JBH News Sports & Tech section. She graduated from York College, City University of New York in 2012.