Active Stock News: GGP Inc. (GGP), Huntington Bancshares Incorporated (HBAN)

GGP Inc. (GGP) ended last trading session with a change of 1 percent. It trades at an average volume of 4.48M shares versus 6.48M shares recorded at the end of last trading session. The share price of $23.28 is at a distance of 1.84 percent from its 52-week low and down -27.48 percent versus its peak. The company has a market cap of $20.6B and currently has 884.96M shares outstanding. The share price is currently -5.75 percent versus its SMA20, -6.45 percent versus its SMA50, and -14.02 percent versus its SMA200. The stock has a weekly performance of -4.08 percent and is -6.81 percent year-to-date as of the recent close.

On January 31, 2017 GGP Inc. (GGP) reported results for the three and twelve months ended December 31, 2016.

GAAP Operating Results

For the three months ended December 31, 2016, net income attributable to GGP was $236 million, or $0.24 per diluted share, as compared to $194 million, or $0.20 per diluted share, in the prior year period. For the twelve months ended December 31, 2016, net income attributable to GGP was $1.3 billion, or $1.34 per diluted share, as compared to $1.37 billion, or $1.43 per diluted share, in the prior year period. Net income attributable to GGP in 2016 and 2015 for the twelve months was impacted primarily by the gains related to the sales and acquisitions of partial interests in two properties.

Huntington Bancshares Incorporated (HBAN) recently recorded 0.14 percent change and currently at $14.21 is 78.86 percent away from its 52-week low and down -3.6 percent versus its peak. It has a past 5-day performance of -0.7 percent and trades at an average volume of 10.78M shares. The stock has a 1-month performance of 4.87 percent and is 7.49 percent year-to-date as of the recent close. There were about 1.09B shares outstanding which made its market cap $15.45B. The share price is currently 0.2 percent versus its SMA20, 3.69 percent versus its SMA50, and 27.65 percent versus its SMA200.

February 28, 2017 — Huntington Bancshares Incorporated (HBAN) (www.huntington.com) has appointed Michael Miroballi president of Huntington Investment Company.

Reporting to Jim Brocklehurst, consumer bank strategy director, Miroballi will lead the bank’s retail brokerage business and is charged with driving a focused execution of the sales strategy and client delivery model. He is responsible for sales strategy, products, the customer and advisor experience, reporting and metrics, operations, and regulatory oversight.