Shares of Depomed, Inc. (NASDAQ:DEPO) [Trend Analysis] swings enthusiastically in regular trading session, it a gain of 0.20% to close at $20.01. One of leading shareholders of Depomed Inc. (DEPO), Starboard Value LP with an ownership interest in approximately 9.9% of Depomed’s outstanding shares, announced it has delivered an open letter to Depomed shareholders and intends to recommence the process for calling a Special Meeting of Depomed shareholders for removing and replacing the current Depomed Board of Directors with a modified slate of six director nominees.
Starboard believes the Board clearly lacks the independence, objectivity, and perspective needed to make decisions that are in the best interests of shareholders. Today, Starboard is filing preliminary proxy materials with the SEC in furtherance of soliciting the requisite requests to deliver the special meeting request. The stock is going forward its fifty-two week low with 63.35% and lagging behind from its 52-week high price with -40.69%. DEPO last month stock price volatility remained 5.51%.
ULTA Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) [Trend Analysis] retains strong position in active trade, as shares scoring 1.05% to $213.69 in a active trade session, while looking at the shares volume, around 1.81 Million shares have changed hands in this session. Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) reported fiscal first-quarter net income of $92 million. On a per-share basis, the Bolingbrook, Illinois-based company said it had net income of $1.45. The results topped Wall Street expectations.
The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share. The beauty products retailer posted revenue of $1.07 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $1.03 billion. The firm has institutional ownership of 91.00%, while insider ownership included 0.90%. ULTA attains analyst recommendation of 2.10 with week’s performance of 2.79%. Investors looking further ahead will note that the Price to next year’s EPS is 21.10%.
3M Company (NYSE:MMM) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -0.64% to 168.91 with around 1.56 Million shares have changed hands in this session. 3M announces that a court in Dsseldorf, Germany ordered an injunction & damages claim for infringement of technology, Dental Direkt to reimburse 3M for its litigation costs (MMM). A court in Dsseldorf, Germany, has ordered an injunction and damages claim reaching back to Dec 2008 against Dental Direkt GmbH for infringement of 3M’s patented technology that enables the coloring of ceramic-based dental restorations.
3M has decided to preliminarily enforce the court’s decision by providing a security bond. The stock is going forward its fifty-two week low with 28.65% and lagging behind from its 52-week high price with -0.85%. Likewise the positive performance for the quarter recorded as 7.43% and for the year was 7.91%, while the YTD performance remained at 13.69%. MMM has Average True Range for 14 days of 2.07.