Stocks Reports Analysis- American Express Company (AXP), Medical Properties Trust Inc. (MPW)
Shares of American Express Company (NYSE:AXP) ended Thursday session in red amid volatile trading. The shares closed down -0.28 points or -0.46% at $60.41 with 4.22 million shares getting traded. Post opening the session at $60.23., the shares hit an intraday low of $59.50 and an intraday high of $60.56 and the price vacillated in this range throughout the day. The company has a market cap of $55.65 billion and the numbers of outstanding shares have been calculated to be 923.78 million shares.
American Express Company (AXP) and the Seattle Seahawks announced a multi-year extension of their partnership, which will continue to bring together Card Members and Seattle businesses to offer exclusive experiences for Seahawks fans – also known as the “12s” – throughout the football season. The 2016 Seahawks season will mark the second year of delivering fan-driven events and benefits for Card Members and the Seattle community.
“We’ve seen first-hand the amazing passion this city has for the Seahawks, from the fans to the storefronts, the Seattle community is united in supporting their beloved team,” said Gunther Bright, EVP and GM of Merchant Services U.S., American Express. “Just as the Seattle community is devoted to their team, we are devoted to the Seattle-area Card Members and merchants who rely on American Express every day. We’re honored and excited to bring back a second season of experiences for the 12s, with returning fan-favorites and new experiences for fans to enjoy, fueled by the service and access that only American Express can provide.”
Shares of Medical Properties Trust, Inc. (NYSE:MPW) ended Thursday session in green amid volatile trading. The shares closed up +0.05 points or 0.35% at $14.21. Post opening the session at $14.27, the shares hit an intraday low of $14.03 and an intraday high of $14.55 and the price vacillated in this range throughout the day. The company has a market cap of $3.47 billion and the numbers of outstanding shares have been calculated to be 243.14 million shares.
Medical Properties Trust, Inc. (MPW) announced that it has completed the previously announced acquisition of real estate interests of nine acute care hospitals operated by Steward Health Care System LLC (“Steward”) and an equity interest in Steward. Also as previously announced, certain members of Steward management and affiliates of Cerberus Capital Management committed to acquire 10,344,828 common shares of MPW. Such investment will have no rights separate from all other common shareholders and is expected to close imminently.
The Company financed the acquisitions with proceeds from its recently closed public offering of 57.5 million shares of its common stock (including the underwriters’ full exercise of their overallotment options) and borrowings from its revolving credit facility.