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Los Angelas, CA -- (SBWIRE) -- 10/25/2012 -- PolyOne Corporati (NYSE:POL) is +1.52 - +9.03% from the previous close of $16.84. It traded between $17.62 - 18.54 with total traded volume of 5073280 shares. Keep a close eye on POL, as the stock has been showing unusual moves over the past weeks. At Current market price, POL has recovered +92.45% from its 52-week Low of 9.54 and has Pulled back -0.97% from its 52-week high of 18.54. Chemical company PolyOne (POL) surged to an almost 13-year high after inking a $246 million deal to buy plastics maker Spartech (SEH), expanding its presence in markets such as aerospace and health care. PolyOne offered 0.3167 share plus $2.67 cash for every Spartech share, equal to $8.49 as of Wednesday's close. Spartech surged 63% to 8.38 as PolyOne leapt 9% to 18.36. The deal, expected to close in the first quarter of 2013, also includes the assumption of debt, bringing the total value to $393 million. PolyOne said the deal would contribute to earnings in its first year, and eventually add 50 cents earnings per share. PolyOne makes specialized polymer materials used in the plastics industry.
Can POL Continue To Move Higher? Find Out Here
Tupperware Brands (NYSE:TUP) is +4.85 - +8.95% from the previous close of $54.22. It traded between $58.03 - 60.61 with total traded volume of 1431287 shares. Keep a close eye on TUP, as the stock has been showing unusual moves over the past weeks. At Current market price, TUP has recovered +16.05% from its 52-week Low of 50.90 and has Pulled back -9.11% from its 52-week high of 64.99. Tupperware Brands Corp.'s third-quarter net income more than quadrupled from a year ago, bolstered by strong sales in its emerging markets. The seller of food-storage containers and other home products, based in Orlando, Fla., also raised its profit outlook, sending shares up more than 7 percent.
Tupperware said Wednesday that it earned $47.5 million, or 85 cents per share, in the three months ended Sept. 29. That compares with $10.5 million, or 17 cents per share, a year ago. Excluding the impact of certain items, Tupperware earned 95 cents for the quarter. Revenue slipped 1.4 percent to $594.4 million as the stronger dollar dragged revenue lower. Excluding the impact of currency translation, revenue climbed 5 percent. A strengthening dollar causes overseas revenue to translate back into fewer dollars. Analysts had expected 91 cents on revenue of $586.3 million, according to FactSet.
Should Investors Buy Or Hold TUP Now? Get Free Analysist Report
IBERIABANK Corpor (NasdaqNM:IBKC) are trading at $49.15 and is +5.07% from its 50-day Moving Average price of $46.7767 and +1.51% from its 200-day Moving Average price of $48.4207. The average trading volume is 189720 shares and its market capitalization is $1.450B. Wunderlich upgraded shares of IBERIABANK Co. (IBKC) from a hold rating to a buy rating. They wrote, "We are upgrading shares of IBERIABANK (IBKC) to Buy from Hold after the company's 3Q12 operating results of $0.83 exceeded the First Call consensus estimate by $0.18 and our estimate by $0.16. Our upgrade is not based solely on the fact that IBKC exceeded consensus EPS for 3Q12, but rather how the company did it. Clearly, IBERIABANK has shown its ability to achieve strong growth in loans and deposits, but for the first time in a long time, the company reported a meaningful reduction in its efficiency ratio. At current levels, IBKC shares trade at a discount to Southern peers, but we believe these results will begin the process of closing this valuation gap."
Should Investors Hold IBKC Now? Get Free Analysist Report
Yelp Inc. Class A (NYSE:YELP) is +1.77 - +7.38% from the previous close of $24.00. It traded between $25.55 - 27.65 with total traded volume of 1654718 shares. Keep a close eye on YELP, as the stock has been showing unusual moves over the past weeks. At Current market price, YELP has recovered +82.77% from its 52-week Low of 14.10 and has Pulled back -19.37% from its 52-week high of 31.96. Yelp (NYSE: YELP [FREE Stock Trend Analysis]) announced Wednesday it has acquired Qype, Europe's largest local reviews site. Qype was acquired to accelerate Yelp's international expansion, bringing more than two million reviews and 15 million unique visitors per month across 13 countries. Under the terms of the acquisition agreement, Yelp acquired all of Qype's shares, for approximately €18.6 million and 970,000 shares of Yelp's Class A common stock, for a total purchase price of approximately $50 million USD. Qype is headquartered in Germany, with operations also in the United Kingdom. The acquisition will be recorded in Yelp's fourth quarter and 2012 year-end financial statements.
How Should Investors Trade YELP Now? Find Out Here
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