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Active Network Inc (NYSE:ACTV) – US Market Buzz http://www.usmarketbuzz.com Nation and Economy Mon, 20 Jul 2020 16:28:22 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.23 Traders Alert: Active Network Inc (NYSE:ACTV), J.C. Penney Company, Inc. (NYSE:JCP), Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) http://www.usmarketbuzz.com/traders-alert-active-network-inc-nyseactv-j-c-penney-company-inc-nysejcp-lexicon-pharmaceuticals-inc-nasdaqlxrx-1050 Tue, 01 Oct 2013 16:42:16 +0000 http://www.usmarketbuzz.com/?p=1050 Active Network Inc (NYSE:ACTV) moved up 0.48% to $14.38 on a traded volume of 4.75 million shares. Active Network Inc will be acquired by private equity firm Vista Equity Partners in a deal valued at about $904 million. Vista Equity will make a tender offer of $14.50 per share, representing a 27.2% premium to Active Network’s Friday closing. The Company, whose customers include Cisco Systems Inc, IBM Corp, Starbucks Corp and audio company Bose Corp, has not made an annual profit in its 15 years of existence.

Can Traders Buy ACTV After The Sharp Rise? Get Free Trend Analysis Here

J.C. Penney Company, Inc. (NYSE:JCP) increased 1.86% to $8.97 on a traded volume of 4.81 million shares. Hedge fund Perry Corp. said it has reduced its stake in J.C. Penney to a 3.28% stake, or 10 million shares, assuming the dilution effect of Penney’s 84 million share sale offering last week. Perry had only just raised its stake by 3 million shares to 19 million shares, or 8.62% in late August after Bill Ackman of Pershing Square Capital Management sold his 18% stake in Penney, admitting his failure in reinventing the retailer.

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Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) among the gainers and the stock moved up 27.73% to $3.04 on a traded volume of 4.45 million shares. Lexicon Pharmaceuticals, Inc. announced that LX4211, a first-in-class, dual inhibitor of sodium glucose transporters 1 and 2, successfully met the primary endpoint of reducing post-prandial glucose, in a study of patients with type 2 diabetes and moderate to severe renal impairment. Reducing elevated post-prandial glucose, high blood sugar levels after meals, is a key objective of diabetes therapy.

Is LXRX A Good Buy After The Recent Price Movement? Find Out Here

 

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