The Procter & Gamble Company (NYSE:PG) [Trend Analysis] retains strong position in active trade, as shares scoring remains unchanged to $84.68 in active trade session, while looking at the shares volume, around 20.67 Million shares have changed hands in this session. Procter & Gamble Co. has amended its lawsuit against the Dollar Shave Club to add as defendants two other companies that it claims are infringing on technology patented by its Gillette subsidiary. The suit filed in federal court by Cincinnati-based P&G (NYSE: PG) seeks an injunction to prevent the Dollar Shave Club and the other firms from selling or importing any products that make use of the patented technology.
The amended complaint claims that Dollar Shave Club is sourcing its razors from Dorco Co., a Korean razor manufacturer that makes a variety of private label products. “We believe it is wrong for a manufacturer to make and sell products that infringe on another’s patent and also wrong when a company like Dollar Shave Club sources these infringing razors, positions these razors as their own and profits from them,” P&G spokeswoman Kara Buckley told me. The firm has institutional ownership of 68.80%, while insider ownership included 0.07%. PG attains analyst recommendation of 2.10 with week’s performance of 1.41%. Investors looking further ahead will note that the Price to next year’s EPS is 8.17%.
Shares of Farmer Bros. Co. (NASDAQ:FARM) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of -0.57% to close at $35.05. Farmer Bros. Co. (NASDAQ:FARM) revealed that resignation of Isaac Johnston, Treasurer and Chief Financial Officer, effective January 6, 2017, to accept another opportunity. The Board of Directors has formed a search committee and expects to engage an independent search firm to identify a successor.
President and CEO, Michael Keown stated that on behalf of the Board and management team, he want to thank Isaac for his leadership and contributions to Farmer Brothers. While they are disappointed to see him leave the Company, they wish him well in the new role he will be taking on. “We have a strong finance team in place and are confident this will be a smooth transition. Importantly, our organization is continuing to run on all cylinders. All of us remain intently focused on executing against our key strategic initiatives to smoothly complete our corporate relocation, further enhance the products and service we provide to our consumers and create and leverage supply chain efficiencies to further reduce costs – all with the goal to continue delivering superior stockholder value.” Moving forward to saw long-term intention, the experts calculate Return on Investment of 47.70%. The stock is going forward its fifty-two week low with 45.80% and lagging behind from its 52-week high price with -6.66%. FARM last month stock price volatility remained 3.62%.