European stocks finished marginally higher on Wednesday, as investors digested the latest from Volkswagen and continued to ponder China’s economic health.
The pan-European STOXX 600 ended trade around 0.1 percent higher, having pared earlier gains.
Germany’s DAX pared gains at the close, ending up 0.4 percent after Deutsche Bank also cut its target levels for the index and the CEO of Volkswagen stepped down.
U.S. stocks traded in a narrow range Wednesday, with investors eyeing oil prices and China’s weak manufacturing data.
Martin Winterkorn, the chief executive of Volkswagen, succumbed to increasing pressure on Wednesday by resigning just ahead of the European market close. The world’s second-largest carmaker is engulfed in an emissions scandal that has wiped nearly 26 billion euros ($29 billion) off its market value this week.
Spherix Inc (NASDAQ:SPEX) operates as an intellectual property company that owns, develops, acquires, and monetizes patented and unpatented intellectual properties. Spherix shares are trading 95.05% above their 52 week low price after the last close and -76.36% below the 52 week high. Its latest closing price was down 0.402 from the average-price of 200 days while it kept its distance from the SMA50 at 7.44% and -25.05% compared with the SMA 20.
Shares of Wave Systems Corp. (NASDAQ:WAVX) were 75.00% off 52 week lows as of the latest close and – -86.94% below the 52 week high. Its latest closing price was down 0.175 from the average-price of 200 days while it maintained a distance from the SMA 50 at -7.83% and 8.93% compared with the SMA 20. Wave Systems Corp develops, produces, markets, and sells products for hardware-based digital security in the United States and internationally.
Summit Midstream Partners LP (NYSE:SMLP) focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations, in North America. . The stock’s latest price traded at -13.65% off 52 week lows after the closing bell and was -63.72% behind its 52 week high. Its latest closing price was -43.96% below the SMA200 while the distance from the SMA 50 and SMA 20 was -30.35% and -21.46% respectively.
Cemtrex Inc (NASDAQ:CETX) is trading 63.35% higher than the 52 week low price and -30.44% below the 52 week high. The stock’s latest closing price was 23.18% down from the average-price of 200 days while it kept its distance from the SMA50 at 25.61% and 18.53% compared with the SMA 20. Cemtrex Inc provides electronic manufacturing services of printed circuit board assemblies, emission monitors and instruments, and environmental control and air filtration systems.
SandRidge Energy Inc. (NYSE:SD) an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. SandRidge Energy so far this year has moved down 0.310 and its monthly performance stands at -24.39% The stock was down -16.22% from its 52 week low and was -93.54% below the 52 week high. Its latest closing price was down -76.33% from the average-price of 200 days while it kept its distance from the SMA50 at -39.95% and -32.24% compared with the SMA 20.