Ally Financial Inc. (NYSE:ALLY) [Trend Analysis] climbed reacts as active mover, shares an advance 1.12% to traded at $19.85 and the percentage gap between open changing to regular change was -0.15%. Shareholder rights law firm Robbins Arroyo LLP released that a class action complaint was filed against Ally Financial Inc. (ALLY) in the State of Michigan Circuit Court for the County of Wayne. The complaint is brought on behalf of all purchasers of Ally securities pursuant to the company’s April 11, 2014 Initial Public Offering for alleged violations of the Securities Act of 1933 by Ally’s officers and directors.
Ally, a diversified financial services company, provides a range of financial products and services primarily to automotive dealers and their retail customers in the United States.According to the complaint, on April 11, 2014, Ally conducted the IPO, selling 95 million common shares at a price of $25 per share. In December 2014, Ally revealed that it had received a subpoena from the U.S. Department of Justice as part of an investigation “related to subprime automotive finance and related securitization activities” in addition to an inquiry by the U.S. Securities and Exchange Commission. The firm past twelve months price to sales ratio was 1.13 and price to cash ratio remained 2.13. As far as the returns are concern, the return on equity was recorded as -1.20% and return on investment was 6.00% while its return on asset stayed at -0.10%. The firm has total debt to equity ratio measured as 4.17.
The Dow Chemical Company (NYSE:DOW) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 1.21% to $56.90. New and innovative forage products are on the horizon driven by continued collaboration between Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company (DOW), and Agriculture Victoria, Australia. Dow AgroSciences works on a variety of projects with Agriculture Victoria through its commercial arm, Agriculture Victoria Services Pty Ltd. (AVS), and announces that AVS is taking a commercial license to the EXZACT Precision Technology Platform to continue the development and commercialization of new forage grass varieties to benefit farmers in Australia and around the world.
The commercial license agreement focuses on the development of forage grass varieties and associated fungal endophytes developed using precision genome editing technologies. It builds on the major Research License Agreement AVS has with Dow AgroSciences to conduct research using the company’s proprietary EXZACT™ Technology. The announcement of a milestone commercial license between Dow AgroSciences and AVS recognizes the advances Agriculture Victoria has made researching and developing innovative forage products using this gene editing platform that Dow AgroSciences has developed under an exclusive license and collaboration agreement in plants with SangamoBioSciences, Inc. The share price of DOW attracts active investors, as stock price of week volatility recorded 1.51%. The stock is going forward to its 52-week low with 45.20% and lagging behind from its 52-week high price with 0.65%.