Home / Tech & Systems / SouFun Holdings (NYSE:SFUN) Updates On Its Proposed Acquisition Of A Controlling Stake in Chongqing Wanli- VEREIT (NYSE:VER), Zynga (NASDAQ:ZNGA)

SouFun Holdings (NYSE:SFUN) Updates On Its Proposed Acquisition Of A Controlling Stake in Chongqing Wanli- VEREIT (NYSE:VER), Zynga (NASDAQ:ZNGA)

Shares of SouFun Holdings Ltd. (NYSE:SFUN) [Trend Analysis] runs in leading trade, it plunging -4.14% to traded at $5.32. The firm has price volatility of 3.97% for a week and 4.62% for a month. Its beta stands at 2.07 times. SouFun Holdings (SFUN) updated on its proposed acquisition of a controlling stake in Chongqing Wanli New Energy and the sale of Wanli’s assets. On May 18, 2016, the Company’s wholly-owned subsidiaries, Beijing SouFun Fang Tian Xia Network Technology Co., Ltd., Beijing Fang Tian Xia Network Technology Co., Ltd., Beijing SouFun Decorative Engineering Co., Ltd. and Beijing SouFun Science and Technology Development Co., Ltd. reached a supplemental share subscription and asset purchase agreement with Wanli and Mr. Xicheng Liu, the ultimate controlling shareholder of Wanli, to amend and supplement the share subscription and asset purchase agreement entered into on January 19, 2016.

On the same day, the Fang Subsidiaries also entered into a supplemental profit compensation agreement with Wanli to amend and supplement the profit compensation agreement entered into on January 19, 2016. Narrow down four to firm performance, its weekly performance was -4.49% and monthly performance was -11.04%. The stock price of SFUN is moving down from its 20 days moving average with -8.10% and isolated negatively from 50 days moving average with -7.91%.

Several matter pinch shares of VEREIT, Inc. (NYSE:VER) [Trend Analysis], as shares moving down -1.48% to $9.34 with a share volume of 7.89 Million. VEREIT, Inc. (VER) released that its Board of Directors declared a monthly dividend to holders of its 6.70% Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share, for July 2016 through September 2016 in respect of the periods included in the table below. The corresponding record and payment dates for each month’s Series F Preferred Stock dividend. The dividend for the Series F Preferred Stock accrues daily on a 360-day annual basis equal to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month. The stock is going forward its 52-week low with 39.82% and moving down from its 52-week high price with -6.04%.

Zynga, Inc. (NASDAQ:ZNGA) [Trend Analysis] luring active investment momentum, shares an increase 0.79% to $2.54. Zynga (ZNGA) released that of Wizard of Oz: Magic Match, the company’s latest Match-3 offering. Licensed by Warner Bros. Interactive Entertainment, the free-to-play game is available on the App Store for iPhone and iPad, Google Play, Facebook and the Amazon Appstore for Kindle devices.

The Senior Creative Director at Zynga, Mark Turmell stated that the Wizard of Oz film has captured the hearts of fans across generations through an endearing story of friends working together to solve an imaginative puzzle. “Wizard of Oz: Magic Match keeps the movie magic alive with exciting Match-3 gameplay and fresh new features. Through Wizard of Oz: Magic Match, we’re excited to give fans a whole new way to interact with one of the most beloved films of all time.” The total volume of 8.22 Million shares held in the session was surprisingly higher than its average volume of 10872.51 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 48.50%, and looking further price to next year’s EPS is 186.96%. While take a short look on price to sales ratio, that was 2.89.

 

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