Active Movers in Hot Line: Astoria Financial Corporation (NYSE:AF), Allergan plc (NYSE:AGN)

Astoria Financial Corporation (NYSE:AF) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 2.81% to $18.68. Astoria Financial Corporation (AF) and New York Community Bancorp, Inc. (NYCB) reported that their boards of directors have mutually agreed not to extend the companies’ definitive merger contract, and to terminate the contract effective January 1, 2017. The share price of AF attracts active investors, as stock price of week volatility recorded 2.83%. The stock is going forward to its 52-week low with 35.66% and lagging behind from its 52-week high price with -0.90%.

Allergan plc (NYSE:AGN) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.29% to close at $193.79 with the total traded volume of 630076 shares. Allergan plc (AGN) Tuesday reported a definitive contract to acquire Acelity L.P. Inc.’s LifeCell Corp for $2.9 billion in cash. LifeCell is a regenerative medicine company.The acquisition is expected to add a product line of aesthetic and regenerative medicine business providing important opportunity to enhance the overall product offering for plastic and general surgery consumers globally.

Allergan said it expects LifeCell assets to generate approximately $450 million in 2016 revenue, growing at a mid-single digit rate, approximately 75 percent gross margin and approximately 40 percent operating margin in 2016. The firm has institutional ownership of 88.50%, while insider ownership included 0.10%. Its price to sales ratio ended at 4.81. AGN attains analyst recommendation of 2.00 with week performance of -1.03%.

 

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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