Unusual Stocks Mover Hurt By Street Views: Stanley Black & Decker (NYSE:SWK), Quality Care Properties (NYSE:QCP)

Stanley Black & Decker, Inc. (NYSE:SWK) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.83% to $115.81. Stanley Black & Decker (SWK) reported that it has entered into a definitive contract to sell the majority of its Mechanical Security businesses to dormakaba for $725 million in cash.

The sale includes the commercial hardware brands of BEST Access, phi Precision and GMT, which together represented LTM revenues of approximately $270 million and EBITDA of approximately $52 million.

The transaction is expected to close in the first quarter of 2017, subject to customary closing conditions including required regulatory approvals.The remaining part of the Mechanical Security businesses, Sargent and Greenleaf, with LTM revenues of approximately $50 million, was not included in the sale. The share price of SWK attracts active investors, as stock price of week volatility recorded 1.43%. The stock is going forward to its 52-week low with 33.19% and lagging behind from its 52-week high price with -8.17%.

Quality Care Properties Inc (NYSE:QCP) reminded investors that on November 28, 2016, HCP, the former parent company of QCP, issued a press release providing important tax information for investors of QCP that owned shares of HCP as of October 24, 2016, the record date for the spin-off of QCP from HCP on October 31, 2016.

HCP common stockholders received one share of QCP common stock for every five shares of HCP common stock they held as of the Record Date and cash in lieu of fractional shares of QCP. For U.S. federal income tax purposes, HCP stated that it intends to report that the fair market value of the QCP common stock distributed per each share of HCP common stock outstanding on the Record Date was approximately $6.17, or $30.85 for each share of QCP common stock. Accordingly, every HCP common stockholder who received a Distributed Share will have a tax cost basis of $30.85 per Distributed Share.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

Leave a Reply

Your email address will not be published. Required fields are marked *