Home / Business / Stocks Dominating Wall Street: Viacom (NASDAQ:VIAB), Remark Media (NASDAQ:MARK), Deere & Firm (NYSE:DE)

Stocks Dominating Wall Street: Viacom (NASDAQ:VIAB), Remark Media (NASDAQ:MARK), Deere & Firm (NYSE:DE)

Several matter pinch shares of Viacom, Inc. (NASDAQ:VIAB) [Trend Analysis], as shares moving down -0.30% to $36.05 with a share volume of 8.85 Million. The Board of Viacom (VIAB) reported that it measures to improve the firm’s financial flexibility. The firm stated it is reducing dividend payout to preserve capital and will proceed to access debt capital markets in the near term to improve liquidity. Viacom’s quarterly dividend will be adjusted to $0.20 per share on both its Class A and Class B ordinary stock.

Viacom has ended the process of looking for a minority investor in Paramount Pictures at the current time, in order to consider all options accessible to the firm. Viacom reported that Tom Dooley, Interim President and CEO, has informed the Board of his decision to depart the firm. He has agreed to remain in the position through November 15, 2016.

Tom Dooley stated: “While this was a difficult decision for me, I have great admiration for our new Board and I feel that they will be best able to execute on their vision for the firm in the hands of a new President and CEO.” The stock is going forward its 52-week low with 22.13% and moving down from its 52-week high price with -30.44%. To have technical analysis views, liquidity ratio of a firm was calculated 1.00 as evaluated with its debt to equity ratio of 3.02. The float short ratio was 3.41%, as compared to sentiment indicator; Short Ratio was 3.42.

Remark Media, Inc. (NASDAQ:MARK) [Trend Analysis] luring active investment momentum, shares an raise 2.58% to $4.38. Remark Media (NASDAQ:MARK) released that it completed the acquisition of the main operating assets of China Branding Group Limited (CBG), China’s leading Western-entertainment digital content firm.

The acquisition comprises CBG’s main operating subsidiaries, most notably FansTang, which is a top provider of localized Western sports and entertainment digital video content, international live event broadcasts and social media content into China.

Kai-Shing Tao, Remark Media’s Chairman and CEO, stated, “The integration of CBG’s U.S. content and production assets and its FansTang subsidiary will advance our appeal to the highly-lucrative Millennial demographic in both the U.S. and China, which importantly enhances our profile as a leading global digital media technology firm. The total volume of 5700 shares held in the session was surprisingly higher than its average volume of 16.83 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -34.30%. While take a short look on price to sales ratio, that was 2.16.

Shares of Deere & Firm (NYSE:DE) [Trend Analysis] runs in leading trade, it moving up 0.70% to traded at $83.05. The firm has price volatility of 1.35% for a week and 1.37% for a month. Its beta stands at 0.91 times. Narrow down four to firm performance, its weekly performance was 3.08% and monthly performance was -5.58%. The stock price of DE is moving down from its 20 days moving average with -1.22% and isolated positively from 50 days moving average with 1.67%.


About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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