New York, NY -- (SBWIRE) -- 09/09/2013 -- Stock Market Leader is a premiere destination for Investors and novice alike who wish to receive information on fast moving stocks and undiscovered companies. Today we have covered following companies – Molex Incorporated (NASDAQ:MOLX), Hovnanian Enterprises, Inc. (NYSE:HOV)
Electronic Components maker, Molex Incorporated (NASDAQ:MOLX) shares are flying high in the current trading session following the news that Koch Industries Inc. is acquiring Molex in a deal valued at $7.2 billion.
How Should Investors Trade MOLX Now? Don’t Miss out a Special Trend Analysis
Molex will receive $38.50 per share from Koch that indicates a hefty premium of 31 percent from the stock’s closing price in the previous trading session. The deal is expected to close by the end of the current fiscal year. Molex shares climbed 31.41 percent to $38.56 today on traded volume of 14.58 million. MOLX has a market capitalization of 6.88 billion and P/E ratio of 28.38.
Hovnanian Enterprises, Inc. (NYSE:HOV) stock rose 2.58 percent to $5.17 today on traded volume of 4.94 million. The home builder reported its financial results for the third quarter on Monday. The company posted earnings of $8.5 million, or 6 cents per share, versus $34.7 million, or 25 cents per share, last year.
Where HOV is Headed Exactly? Find out in This Trend Analysis Reports
Revenue for the third quarter jumped 24 percent to $478.4 million. Analysts surveyed by Thomson Reuters were anticipating profit of 7 cents on $505 million in revenue. Hovnanian Enterprises has a market capitalization of 718 million.
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