Home / Street Sector / Stock Revamps on Eco Changes: Viacom (NASDAQ:VIAB), Primoris Services (NASDAQ:PRIM), Yirendai (NYSE:YRD)

Stock Revamps on Eco Changes: Viacom (NASDAQ:VIAB), Primoris Services (NASDAQ:PRIM), Yirendai (NYSE:YRD)

Viacom, Inc. (NASDAQ:VIAB) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 3.07% to close at $36.56 with the total traded volume of 10.65 Million shares. The Redstone family is pushing ahead to reunite Viacom Inc. together with CBS Corp. in a accord that would restore a media empire that was splintered a decade ago. National Amusements Inc., the Redstones’ holding firm, will request in a letter this week that the boards of Viacom and CBS establish independent committees to consider a combination, according to a person familiar with the matter.

Shari Redstone, who has taken an active role in oversight of both companies with her 93-year-old father Sumner in frail health, has been considering a merger of CBS and Viacom to create a more powerful media empire, Bloomberg reported last month. CBS Chief Executive Officer Les Moonves stated earlier this month the firm isn’t in active discussions for a accord with Viacom, acknowledging the speculation that has been swirling about a merger ever since Shari Redstone emerged victorious in a battle for control of Viacom. The firm has institutional ownership of 91.20%, while insider ownership included 0.40%. Its price to sales ratio ended at 1.13. VIAB attains analyst recommendation of 2.70 with week performance of 1.98%.

Primoris Services Corporation (NASDAQ:PRIM) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 3.02% to $20.79. Primoris Services Corporation (NASDAQ:PRIM) reported that a new power plant award valued in excess of $60 million. The contract was inked by Primoris Energy Services’ power division, part of the Energy section. Work is planned to commence in the fourth quarter of 2016, and planned completion is in the first quarter of 2018.

The award is for the Engineering, Procurement, and Construction of a 340-megawatt simple cycle gas turbine power plant located in the Mid-Atlantic region of the United States. The new plant is an expansion of an existing facility and will provide additional on-demand peaking electricity generation. The share price of PRIM attracts active investors, as stock price of week volatility recorded 3.20%. The stock is going forward to its 52-week low with 28.91% and lagging behind from its 52-week high price with -17.66%.

Yirendai Ltd. (NYSE:YRD) [Trend Analysis] plunged reacts as active mover, shares a loss -3.72% to traded at $24.07 and the percentage gap among open changing to regular change was 0.60%. The firm past twelve months price to sales ratio was 5.32 and price to cash ratio remained 8.18. As far as the returns are concern, the return on equity was recorded as 54.00% and return on investment was 28.60% while its return on asset stayed at 22.20%.


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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