Active Momentum Stocks in New Buzz : Transocean Partners (NYSE:RIGP), GoDaddy (NYSE:GDDY)

Shares of Transocean Partners LLC (NYSE:RIGP) [Trend Analysis] swings enthusiastically in regular trading session, it an advance of 2.46% to close at $17.10. Transocean Partners LLC (RIGP) released that its common unitholders accepted, during a special meeting held , the merger agreement, as amended, among Transocean Ltd., Transocean Partners and certain subsidiaries of Transocean Ltd., and the related merger.The transaction is expected to close on or around December 9, 2016. Moving forward to saw long-term intention, the experts calculate Return on Investment of -10.10%. The stock is going forward its fifty-two week low with 232.42% and lagging behind from its 52-week high price with 1.15%. RIGP last month stock price volatility remained 4.79%.

GoDaddy Inc. (NYSE:GDDY) [Trend Analysis] retains strong position in active trade, as shares scoring 4.69% to $36.37 in a active trade session, while looking at the shares volume, around 1.04 Million shares have changed hands in this session. GoDaddy Inc. (GDDY) declared that it decided to acquire Host Europe Group for 1.69 billion euros or US$1.79 billion, including 605 million euros paid to the selling shareholders and 1.08 billion euros in assumed net debt.The purchase price represents about 11x HEG’s 2016 estimated adjusted EBITDA including anticipated annual synergies.

The transaction has been accepted by the GoDaddy board of directors and Host Europe Group or HEG’s shareholders and is expected to close in the second quarter of 2017, subject to customary regulatory and other closing requirements.HEG is currently owned by Cinven, one of Europe’s leading private equity firms, which acquired the business in August 2013. GDDY attains analyst recommendation of 2.30 with week’s performance of 0.41%. Investors looking further ahead will note that the Price to next year’s EPS is 1250%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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