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Los Angelas, CA -- (SBWIRE) -- 10/04/2012 -- SPX Corporation C (NYSE:SPW) is very active today and traded between $65.57 - 68.26 with total traded volume of 1285057 shares. At a current price of 68.01, SPW is +4.02 - +6.28% from the previous close of $63.99. Moreover, At Current Market Price, SPW is in distance of +3.58% from its 50-day Moving Average price of $65.6594 and -0.89% from its 200-day Moving Average price of $68.6178. SPX Corporation(NYSE:SPW) stock climbed 6.24% to $67.98 after The Economic Times reported that Paharpur Cooling Towers Limited (PCTL), promoted by the Swarup family, is in talks to acquire the cooling business of SPX Corporation. Three people familiar with the situation confirmed the discussions and pointed out that if the deal works out, it could well become a leveraged buyout. The enterprise valuation of the target company is close to $500-600 million (INR2,619-3,143 crore) and PCTL’s management is exploring ways to tie up the financing for the deal with a clutch of MNC banks.
Can SPW Extend Rally? Find Out Here
Stratasys, Inc. (NasdaqNM:SSYS) reported EPS of 0.889. For the Current Fiscal year, the company is expected to report EPS of 1.35. For the Next Quarter and Next Year, the company is expected to report EPS of 0.39 and 1.60 respectively. At Current Market Price, SSYS is in distance of -3.78% from its 50-day Moving Average price of $62.5623 and +15.20% from its 200-day Moving Average price of $52.257. Stratasys Inc. (NASDAQ:SSYS) is up 6.58% this morning at $60.27. SSYS has traded 364 thousand shares so far today and trades 609 thousand shares a day on average. Stratsys agreed to extend its merger deal deadline with Objet to October 19. The company has a market cap of 1.28 billion.
How Should Investors React To SSYS Now? Find Out Here
Sprint Nextel Co (NYSE:S) reported EPS of -1.281. For the Current Fiscal year, the company is expected to report EPS of -1.68. For the Next Quarter and Next Year, the company is expected to report EPS of -0.51 and -0.98 respectively. At Current Market Price, S is in distance of +0.93% from its 50-day Moving Average price of $5.1523 and +45.03% from its 200-day Moving Average price of $3.5855. Sprint Nextel Corporation (NYSE:S) plunged yesterday after Craig Moffett of Bernstein Research said that a deal between MetroPCS Communications and T-Mobile does not bode well for Sprint. While trading at volume higher than average, the stock dropped -5.41% yesterday. Its previous 52-week high was $5.76 and moved up 71.33% over the same period, trading at a volume of 183.85 million. Shares have risen 70.14% over the trailing 6 months. The stock is currently trading 0.51% above its SMA 50 and 53.78% above its SMA 200.
How Should Investors React To S Now? Find Out Here
KB Home Common St (NYSE:KBH) is very active today and traded between $14.49 - 15.50 with total traded volume of 8775530 shares. At a current price of 15.37, KBH is +0.88 - +6.07% from the previous close of $14.49. Moreover, At Current Market Price, KBH is in distance of +24.16% from its 50-day Moving Average price of $12.3794 and +58.94% from its 200-day Moving Average price of $9.6703. KB Home(NYSE:KBH) stock jumped 4.14% to $15.09 after Citigroup lowered shares of KB Home from a neutral rating to a sell rating in a research report released yesterday. Citigroup currently has $12.00 price target on the stock, up from their previous price target of $8.00. Separately, analysts at Goldman Sachs raised their price target on shares of KB Home to $19.00 in a research note to investors on September 25.
How Should Investors React To KBH Now?Find Out Here
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