Anheuser-Busch InBev SA/NV (NYSE:BUD) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -0.76% to 102.82 with around 1.64 Million shares have changed hands in this session. Coca-Cola Co (KO) has reached a deal to buy Anheuser-Busch InBev’s majority stake in their African bottling venture for $3.15 billion and hold onto it until it finds a new owner, the companies said on Wednesday.Coke said in October it would exercise a right to buy the stake formerly owned by SABMiller following SAB’s takeover by AB InBev.
Coke has not said why it decided to buy back the stake, but it might be in its best interest to avoid partnering with AB InBev, which has no experience in Africa, and keep the beer giant at arm’s length.With little room left for AB InBev to grow meaningfully in beer, chatter among bankers has turned to whether the deal-hungry mega brewer will eventually move into soft drinks. That could put Coke at the top of its list, though Coke’s $180 billion market value would be a huge hurdle. The stock is going forward its fifty-two week low with 4.62% and lagging behind from its 52-week high price with -23.20%.
Similar, the positive performance for the quarter recorded as -19.02% and for the year was -13.89%, while the YTD performance remained at -14.23%. BUD has Average True Range for 14 days of 1.71.
Diana Shipping Inc. (NYSE:DSX) [Trend Analysis] retains strong position in active trade, as shares scoring 2.40% to $3.41 in a active trade session, while looking at the shares volume, around 1.21 Million shares have changed hands in this session. Diana Shipping Inc. (DSX) reported that, through two separate wholly-owned subsidiaries, it has signed two addenda with China Shipbuilding Trading Company, Limited and Jiangnan Shipyard (Group) Co., Ltd., collectively called the “Seller”, among other things, to reduce the contract price and to change the delivery date of the two Newcastlemax dry bulk carriers, Hull No.
H2548 and Hull No.H2549. As previously reported, the contract price was US$48.7 million per vessel and now the Seller has agreed to reduce this price by US$1.0 million for each of the abovementioned vessels. The delivery date of the two vessels is now expected to be on January 4, 2017. The firm has institutional ownership of 50.70%, while insider ownership included 17.80%. DSX attains analyst recommendation of 3.60 with week’s performance of 18.93%. Investors looking further ahead will note that the Price to next year’s EPS is 39.10%.