RR Donnelley & Sons Co (NASDAQ:RRD) reverse the trend


Dallas, Texas 10/02/2013 (Financialstrend) – RR Donnelley & Sons Co (NASDAQ:RRD) stock has experienced a volatile month of trading at the browsers in the past 30 days. It has seen its value plummet from $16.7 to $15.46 in a span of two weeks in September. It recovered from this close to 7.6% dip to post a 4.2% rally during the last week of trading in the month to close out at $16.12 as of close of business on October 1.

On closer reading the stock performance over the past 30 days can be linked to changes in holding pattern of company stock. On September 5, Capital Research Global Investors reported to SEC that it is in control of close to 12.15 million common shares of R.R. Donnelley stock. This translates to a 6.7% of the total 181.7 million shares outstanding. Capital Research has acquired control of the specified stock in its capacity of being an investment advisor to multiple investment companies. The complete 6.7% holding is vested with “Capital Income Builder” which is a fully owned subsidiary of Capital Research Global Investors.

This disclosure happened on September 5 and the stock saw an appreciation of close to 4% over the next week. The next bump up in value occurred around September 24 when Company announced that it was ranked 17th on the 2013 InformationWeek 500 list as one of the most innovative technology companies.

As of close of business on October 1, the share price of the stock has settled at $16.12 per share up 2.15% from its previous close of $15.78. The stock has gained close to 4.27% in the week reversing some of the losses from earlier in the month.  Over the past 90 days the share has gone up by 10.5%. Its dividend yield is a healthy 6.45% having paid out $1.04 dividend in the past 12 months to its investors.