Yum! Brands, Inc. (NYSE:YUM) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.59% to $79.60. Yum! Brands, Inc. (YUM) revealed that its BOD authorized buyback of around $4.2B in additional shares of common stock and declared a quarterly dividend of $0.46 per share of common stock.
Greg Creed, CEO of Yum! Brands, said, “Today’s announcement marks another step towards our goal of delivering meaningful cash returns and demonstrates the commitment of our Board and management team to creating shareholder value. Our capital return plans reflect our continued confidence in our long-term growth prospects as we move towards the separation of our China business, which will result in two distinct and attractive investment opportunities for all of our shareholders.” The share price of YUM attracts active investors, as stock price of week volatility recorded 1.71%. The stock is going forward to its 52-week low with 23.95% and lagging behind from its 52-week high price with -15.04%.
The Blackstone Group L.P. (NYSE:BX) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 2.66% to close at $25.45 with the total traded volume of 12.05 Million shares. Boston Properties Inc. decided to purchase a 50% stake in a Los Angeles-area office complex from Blackstone Group LP (BX) for about $500 million, marking the real estate investment trust’s first purchase in southern California, according to a person with knowledge of the matter.
The landlord is acquiring an interest in the Colorado Center in Santa Monica, said the person, who asked not to be named because the transaction is private. The six-building campus is in an area known as Silicon Beach, a stretch of oceanfront communities that’s popular with technology companies. The firm has institutional ownership of 50.90%, while insider ownership included 0.40%. Its price to sales ratio ended at 9.64. BX attains analyst recommendation of 1.90 with week performance of -1.36%.
inContact, Inc. (NASDAQ:SAAS) [Trend Analysis] surged reacts as active mover, shares an increase remains unchanged to traded at $13.86 and the percentage gap between open changing to regular change was 0.22%. A partner at Faruqi & Faruqi, LLP, Juan E. Monteverde reported that it is investigating the Board of Directors of inContact, Inc. (SAAS) for potential breaches of fiduciary duties in connection with the sale of the Company to NICE Systems Ltd. for around$940 million. The Company’s stockholders will only receive $14.00 in cash for each share of inContact common stock they own.
However, the offer is below at least one analyst’s price target of $16 per share for the Company. The investigation focuses on whether inContact’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of inContact’s shareholders. The firm’s current ratio calculated as 3.00 for the most recent quarter. The firm past twelve months price to sales ratio was 3.70 and price to cash ratio remained 9.99. As far as the returns are concern, the return on equity was recorded as -15.00% and return on investment was -8.40% while its return on asset stayed at -7.30%. The firm has total debt to equity ratio measured as 0.00. The firm has 20-Day Simple Moving Average has