Active Stocks on the Move: Nucor Corporation (NYSE:NUE), Morgan Stanley (NYSE:MS)


On Tuesday, September 8th, 2015: Shares of Nucor Corporation (NYSE:NUE), closed at $42.56 with a 2.14% gain.


Nucor Corporation needs no introduction when it comes to manufacturing and selling steel and steel products in the United States and internationally. The company operates through three segments: Steel Mills, Steel Products, and Raw Materials.

Nucor Corporation approved the repurchase of up to $900 million of the company’s common stock.  Share repurchases will be made at regular intervals in the open market at prevailing market prices, through private transactions or block trades.  The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements, and other factors.  The board of directors also terminated any formerly authorized repurchase programs.

In a separate action, Nucor’s board of directors declared the regular quarterly cash dividend of $0.3725 per share on Nucor’s common stock.  This cash dividend is payable on November 10, 2015 to stockholders of record on September 30, 2015, and is Nucor’s 170th successive quarterly cash dividend.

On Tuesday, September 8th, 2015: Shares of Morgan Stanley (NYSE:MS), closed at $34.27, during its last trading session while observing a gain of 3.25%.

Morgan Stanley is a prominent financial holding company that provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company’s Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, in addition to providing capital raising and corporate lending services.

Morgan Stanley have confirmed that its Global Stock Plan Services (GSPS) group recently accomplished the successful migration of over 300 corporate clients to its newly redesigned equity recordkeeping portal, StockPlan Connect. Over one million participants in more than 150 countries manage their equity using this streamlined, intuitive, and mobile responsive website, accessible via over 100 devices.

In tandem with StockPlan Connect, Global Stock Plan Services released its first iteration of a participant Knowledge Center, with a mobile-optimized version following shortly thereafter. The Knowledge Center features a variety of educational content, ranging from user guides and videos in multiple languages to infographics and thought leadership articles.

“As participants reevaluate the way they consume information and engage digitally, their expectations of service providers are shifting,” said Chris Randazzo, Chief Information Officer for Morgan Stanley Wealth Administration and Investment Administration and Head of Institutional Wealth Services. “We incorporated feedback from our corporate clients and their participants via various engagement channels to ensure StockPlan Connect’s new features and functionality would meet their needs. The end product has proven to be a tremendous success, receiving recognition from our corporate clients and industry peers alike.”

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This article contains an advanced information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as well as statements regarding the forseeable frequent growth of the market for the corporation’s products, the corporation’s capability to fund its capital requirement in the close-to term and in the long term; pricing pressures; etc.

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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.