Shares of Platform Specialty Products Corporation (NYSE:PAH) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -6.81% to close at $8.35. Platform Specialty Products Corporation (PAH) released that it has commenced an underwritten public offering of $350 million of shares of its ordinary stock. In connection with the offering, Platform intends to grant the underwriters a 30-day option to purchase additional shares of its ordinary stock. All of the shares of ordinary stock to be sold in the offering are to be sold by Platform.
Platform intends to use the net proceeds from the offering for general corporate purposes, comprising, but not limited to, the alternative settlement of certain obligations relating to Platform’s shares of Series B convertible preferred stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering. Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and UBS Securities LLC are acting as joint book-running managers for the proposed offering. Moving forward to saw long-term intention, the experts calculate Return on Investment of 0%. The stock is going forward its fifty-two week low with 59.05% and lagging behind from its 52-week high price with -53.51%. PAH last month stock price volatility remained 4.25%.
CME Group Inc. (NASDAQ:CME) [Trend Analysis] retains strong position in active trade, as shares scoring 1.61% to $109.28 in a active trade session, while looking at the shares volume, about 1.14 Million shares have changed hands in this session. CME Group released that launch of the first-ever, exchange-traded precious metals spread and ratio futures contracts. The three new contracts include Gold/Silver Ratio futures, Gold/Platinum Spread futures and Platinum/Palladium Spread futures and will start trading on Monday, October 24, 2016, pending regulatory review.
These three new contracts will provide market participants with an innovative way to manage precious metals price relationships, while accessing the deep liquidity provided by COMEX Gold and Silver, and NYMEX Platinum and Palladium futures.
“The introduction of these ratio and spread futures contracts respond directly to consumer demand for new tools to more effectively manage the price relationships of our precious metals futures contracts, which are often used to manage portfolio risk,” stated Miguel Vias, CME Group Head of Precious Metals. “These three new futures contracts will remove a great accord of complexity involved in price ratio and spread trading of precious metals and provide a broader subset of market participants the tools to offset macroeconomic risk.” The firm has institutional ownership of 83.40%, while insider ownership included 0.40%. CME attains analyst recommendation of 2.40 with week’s performance of 2.63%. Investors looking additional ahead will note that the Price to next year’s EPS is 7.05%.
Sequans Communications S.A. (NYSE:SQNS) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -10% to 1.71 with about 1.18 Million shares have changed hands in this session. The stock is going forward its fifty-two week low with 76.29% and lagging behind from its 52-week high price with -43%.
Same, the positive performance for the quarter recorded as -17.79% and for the year was 46.15%, while the YTD performance remained at -18.57%. SQNS has Average True Range for 14 days of 0.14.