Caterpillar Inc. (NYSE:CAT) [Trend Analysis] retains strong position in active trade, as shares scoring 2.68% to $95.40 in active trade session, while looking at the shares volume, around 6.49 Million shares have changed hands in this session. Bronstein, Gewirtz& Grossman, LLC notifies investors that a class action lawsuit has been filed against Caterpillar Inc. (CAT) and certain of its officers, and is on behalf of a class consisting of all persons or entities who purchased Caterpillar securities between February 19, 2013 and March 1, 2017, both dates inclusive.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Caterpillar unlawfully used foreign subsidiaries to avoid paying billions of dollars in U.S. taxes; (2) discovery of the foregoing conduct would subject the Company to heightened regulatory scrutiny and potential criminal sanctions; and (3) consequently, Caterpillar’s public statements were materially false and misleading at all relevant times. The firm has institutional ownership of 73.10%, while insider ownership included 0.10%. CAT attains analyst recommendation of 2.80 with week’s performance of 2.98%. Investors looking further ahead will note that the Price to next year’s EPS is 41.19%.
MoneyGram International, Inc. (NASDAQ:MGI) [Trend Analysis] knocking active thrust in leading trading session, shares an increase of 0.86% to 16.43 with around 1.33 Million shares have changed hands in this session. MoneyGram International Inc. (MGI) declared that its board has determined that the unsolicited proposal received on March 14, 2017 from Euronet Worldwide Inc. (EEFT) to acquire all of the outstanding shares of MoneyGram Common Stock and Preferred Stock for $15.20 per share in cash on an as-converted basis could reasonably be expected to result in a “Company Superior Proposal” as defined in MoneyGram’s merger contract with Ant Financial Services Group.
MoneyGram noted that the determination by its board of directors allows MoneyGram to take certain actions, in accordance with the procedures set forth in the merger contract with Ant Financial, to further consider the Euronet Proposal, including engaging in discussions with Euronet subject to entry into of an Acceptable Confidentiality Contract with Euronet pursuant to such merger contract. The stock is going forward its fifty-two week low with 191.31% and lagging behind from its 52-week high price with -0.54%.
Similar, the positive performance for the quarter recorded as 31.97% and for the year was 158.33%, while the YTD performance remained at 39.12%. MGI has Average True Range for 14 days of 0.40.