Monsanto Company (NYSE:MON) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 0.53% to 104.88 with around 109206 shares have changed hands in this session. Monsanto Co. (MON) declared that its shareowners authorized merger with Bayer Aktiengesellschaft. Under the terms of the merger contract, Monsanto shareowners will receive $128 per share in cash at the closing of the merger.
Based on a preliminary tabulation of the shareowner vote, approximately 99% of all votes cast, which represents approximately 75% of all outstanding shares on November 7, 2016, the record date for the special meeting, were voted in favor of the merger.Monsanto shareowners also authorized the proposal to approve, on an advisory (non-binding) basis, certain compensation that may be paid or become payable to the Company’s named executive officers in connection with the merger. The stock is going forward its fifty-two week low with 27.38% and lagging behind from its 52-week high price with -7.24%.
Similar, the positive performance for the quarter recorded as 0.63% and for the year was 11.58%, while the YTD performance remained at 8.30%. MON has Average True Range for 14 days of 1.17.
Shares of Primoris Services Corporation (NASDAQ:PRIM) [Trend Analysis] swings enthusiastically in regular trading session, it an advance of 1.68% to close at $24.16. Primoris Services Corporation (NASDAQ:PRIM) declared that a new pipeline award valued at approximately $20 million. The contract was secured by Primoris Energy Services’ pipeline division, part of the Energy section.
The project was awarded by a major petrochemical company for work at their multi-billion dollar expansion site in Louisiana. This award is in addition to the work currently being performed by Primoris Energy Services’ industrial division and James Construction Group’s civil division on the same site.
The project involves the construction of two export pipelines that will deliver from the chemicals processing facility manufactured product and discharge waste water created during manufacturing.
Work on this project is slated to begin in the fourth quarter of 2016, and completion is expected in the second quarter of 2017. Moving forward to saw long-term intention, the experts calculate Return on Investment of 5.80%. The stock is going forward its fifty-two week low with 49.80% and lagging behind from its 52-week high price with -4.32%. PRIM last month stock price volatility remained 2.40%.