Home / Tech & Systems / Pre-Movers Stocks In Imitation: Sony Corporation (NYSE:SNE), Interactive Intelligence Group (NASDAQ:ININ), Globalstar (NYSE:GSAT)

Pre-Movers Stocks In Imitation: Sony Corporation (NYSE:SNE), Interactive Intelligence Group (NASDAQ:ININ), Globalstar (NYSE:GSAT)

Sony Corporation (NYSE:SNE) [Trend Analysis] retains strong position in active trade, as shares scoring -0.68% to $31.94 in a active trade session, while looking at the shares volume, about 201186 shares have changed hands in this session. Sony Pictures Networks India, a wholly owned subsidiary of Sony Corp.(SNE), reported that it decided to purchase TEN Sports Network from India’s Zee Entertainment Enterprises Limited or ZEE and its subsidiaries for US$385 million. Completion of the acquisition is subject to regulatory authorization .

The acquisition will add South Asia’s leading sport s network to SPN’s existing portfolio of channels. This transaction is not anticipated to have a material impact on Sony’s forecast for its consolidated financial results for the fiscal year ending March 31, 2017. The TEN Sports channels being takeoverd include TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket, TEN Sports that operate in several countries comprising the Indian sub-continent, Maldives, Singapore, Hong Kong, Middle East, Caribbean. The firm has institutional ownership of 6.80%. SNE attains analyst recommendation of 1.00 with week’s performance of -3.28%. Investors looking additional ahead will note that the Price to next year’s EPS is 232.79%.

Shares of Interactive Intelligence Group Inc. (NASDAQ:ININ) [Trend Analysis] swings enthusiastically in regular trading session, it raise of 0.10% to close at $59.91. Genesys (GNSY) together with Interactive Intelligence Group Inc. (ININ) reported that they have inked into a definitive contract under which Genesys will takeover Interactive Intelligence in a transaction valued at about $1.4 billion. Interactive Intelligence shareholders will receive $60.50 per share in cash.

Don Brown, CEO, Interactive Intelligence stated: “The combination of Genesys and Interactive Intelligence offers a complete portfolio to address all market sections by combining Interactive Intelligence’s PureCloud, Cloud Communications-as-a-Service (CaaS), and Consumer Interaction Center (CIC) with Genesys’ offerings.” Moving forward to saw long-term intention, the experts calculate Return on Investment of -5.60%. The stock is going forward its fifty-two week low with 179.69% and lagging behind from its 52-week high price with -0.32%. ININ last month stock price volatility remained 2.20%.

Globalstar Inc. (NYSE:GSAT) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -3.53% to 1.50 with about 1.24 Million shares have changed hands in this session. The stock is going forward its fifty-two week low with 138.89% and lagging behind from its 52-week high price with -49.83%.

Same, the positive performance for the quarter recorded as -25.36% and for the year was -1.89%, while the YTD performance remained at 8.33%. GSAT has Average True Range for 14 days of 0.11.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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