Cypress Semiconductor Corporation (NASDAQ:CY) [Trend Analysis] moved up reacts as active mover, shares an increase 1.02% to traded at $13.93 and the percentage gap between open changing to regular change was 0.44%. Cypress Semiconductor Corporation (CY) reported that independent proxy advisory firm Glass, Lewis & Co., LLC has recommended that Cypress stockholders consent FOR the elimination of cumulative voting.
Glass Lewis is the second leading independent proxy advisory firm to recommend that Cypress stockholders consent FOR management’s proposal to eliminate cumulative voting, following a recommendation issued by Institutional Shareholder Services on March 13, 2017, as previously reported. The Company issued the following statement:
“We are pleased that Glass Lewis, another leading independent proxy advisory firm, has shown their full support of our decision to eliminate cumulative voting, an outcome that further highlights the potential risks stockholders face should this change not occur. We strongly urge stockholders to follow both ISS and Glass Lewis’ recommendations and return the WHITE consent card.” The firm’s current ratio calculated as 1.30 for the most recent quarter. The firm past twelve months price to sales ratio was 2.34. As far as the returns are concern, the return on equity was recorded as -33.20% and return on investment was -19.70% while its return on asset stayed at -18.40%. The firm has total debt to equity ratio measured as 0.65.
TransCanada Corporation (NYSE:TRP) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.37% to close at $45.91 with the total traded volume of 835300 shares. The developer of the Keystone XL pipeline has donated $20,000 to the Nebraska Republican Party through a political action committee run by one of its U.S. subsidiaries.
The Feb. 8 donation was made as TransCanada seeks approval for a route through Nebraska. It came from Columbia Pipeline Group, which was acquired by the Canadian company in July. TransCanada filed its application with the Nebraska Public Service Commission Feb. 16. Four of the commission’s five members are Republicans.
TransCanada has spent $925,000 in lobbying in Nebraska over five years. It donated $2,500 to then-Gov. Dave Heineman in 2010, but Heineman returned the money because federal law bars contributions from foreign entities. Nebraska GOP Executive Director Kenny Zoeller says the company donation was to sponsor a Feb. 23 recognition dinner for lawmakers. The firm has institutional ownership of 60.20%. Its price to sales ratio ended at 4.25. TRP attains analyst recommendation of 2.00 with week’s performance of 0.44%.