Recommended Momentum ‘How’ and ‘Why’: PPG Industries, Inc. (NYSE:PPG), The Liberty Media Group (NASDAQ:LMCA)

PPG Industries, Inc. (NYSE:PPG) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 1.54% to 99.00 with around 2.8 Million shares have changed hands in this session. PPG (PPG) reported that it has acquired certain assets of automotive refinish coatings company FutianXinshi (Futian). Financial terms were not disclosed.With approximate sales of $15 million in 2016, Futian is a privately owned company based in the Guangdong province of China. Futian distributes its products in China through a network of more than 200 distributors.

PPG will acquire Futian’s trademarks, product technology and consumer list.“The acquisition of Futian will further enhance PPG’s position in the growing Chinese automotive refinish coatings market,” said John Outcalt, PPG vice president, global automotive refinish. “Futian has a proven track record of growth and profitability by leveraging well-positioned brands, mature technology, low-cost operations and a solid-performing distribution base.” The stock is going forward its fifty-two week low with 13.79% and lagging behind from its 52-week high price with -14.38%.

Similar, the positive performance for the quarter recorded as 7.41% and for the year was 9.40%, while the YTD performance remained at 4.47%. PPG has Average True Range for 14 days of 1.51.

Shares of The Liberty Media Group (NASDAQ:LMCA) [Trend Analysis] swings enthusiastically in regular trading session, it an advance of 2.86% to close at $29.12. Liberty Media Corporation (NASDAQ:LSXMA) reported that it has priced and agreed to sell to initial purchasers in a private offering $400,000,000 aggregate principal amount of its 1.0% cash convertible senior notes due 2023.

Liberty has granted to the initial purchasers an option to purchase additional notes with an aggregate principal amount of up to $50,000,000. The notes will mature on January 30, 2023 and will be convertible, under certain circumstances, into cash based on the trading prices of the underlying shares of Series C Liberty Media common stock.

The initial conversion rate for the notes will be 27.1091 shares of LMCK per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $36.89 per share of LMCK. All conversions of notes will be settled in cash, and not through the delivery of any securities. Moving forward to saw long-term intention, the experts calculate Return on Investment of 4.20%. The stock is going forward its fifty-two week low with 64.33% and lagging behind from its 52-week high price with -12.50%. LMCA last month stock price volatility remained 3.08%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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