Stock Revamps on Eco Changes: Cooper Tire & Rubber (NYSE:CTB), AEGON N.V. (NYSE:AEG)

Several matter pinch shares of Cooper Tire & Rubber Company (NYSE:CTB) [Trend Analysis], as shares surging 7.69% to $40.60 with a share volume of 2.64 Million. Cooper Tire & Rubber Company (CTB) revealed that its Board has surged and extended share repurchase program by authorizing the repurchase of up to $300 million of the company’s outstanding common stock through Dec. 31, 2019. The $300 million authorization replaces the $98 million remaining on the authorization from February 2016, as of Feb. 14, 2017.

The surged authorization is approximately 15 percent of the current market capitalization. The company said the repurchased shares will be held in Treasury and used for general corporate purposes. Since the company began repurchasing shares in August 2014 through Feb. 14, 2017, Cooper has repurchased approximately 12.6 million shares at an average price of $34.15, which amounts to 20 percent of the outstanding shares as of August 2014. As of Feb. 14, 2017, Cooper had approximately 52.7 million outstanding common shares.

The stock is going forward its 52-week low with 39.42% and moving down from its 52-week high price with 0.81%. To have technical analysis views, liquidity ratio of a company was calculated 2.80 as evaluated with its debt to equity ratio of 0.30. The float short ratio was 11.43%, as compared to sentiment indicator; Short Ratio was 7.47.

Shares of AEGON N.V. (NYSE:AEG) [Trend Analysis] runs in leading trade, it moving down -5.45% to traded at $5.38. The firm has price volatility of 1.28% for a week and 1.27% for a month. Its beta stands at 1.53 times. Financial services company, Aegon NV (AEG) reported that its fourth-quarter attributable net income was 470 million euros, compared to prior year’s loss of 581 million euros.

Net underlying earnings were 471 million euros, compared to 381 million euros a year ago. Underlying earnings before tax were 554 million euros, compared to last year’s 435 million euros. The results were driven driven by the Americas, strong expense management, improved claims experience and higher interest rates. Sales for the quarter declined 6 percent to 2.73 billion euros from 2.89 billion euros a year ago.

This was mainly the result of 5% lower gross deposits as a result of a decrease in asset management deposits from last year’s exceptionally high level. Narrow down four to firm performance, its weekly performance was -2.89% and monthly performance was -0.19%. The stock price of AEG is moving down from its 20 days moving average with -2.71% and isolated negatively from 50 days moving average with -2.70%.

 

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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