Deprecated: Function get_magic_quotes_gpc() is deprecated in /home2/sharonox/public_html/wp-includes/formatting.php on line 1828

Deprecated: Function get_magic_quotes_gpc() is deprecated in /home2/sharonox/public_html/wp-includes/formatting.php on line 3603

Top Stocks: Trian reduces stake in Ingersoll-Rand (NYSE:IR) to 4.93% from 5.79%; Herbalife (NYSE:HLF), AT&T (NYSE:T)

By Kim Rodriguez February 23, 2015
Warning: A non-numeric value encountered in /home2/sharonox/public_html/wp-content/themes/allegro-theme-child/functions/other.php on line 93
Trian Group has sold overall 2.4M shares of Ingersoll-Rand (NYSE:IR). After this sale, Trian Group, in the aggregate, beneficially own 12.98M shares, or approximately 4.93% of Ingersoll-Rand outstanding shares. In the future, CalSTRS will make independent investment decisions in respect of its holdings in Ingersoll-Rand and, therefore, Trian Group and CalSTRS no longer constitute a group in respect of their respective holdings in Ingersoll-Rand. Because Trian Group’s holdings in Ingersoll-Rand are now under 5% and it no longer constitutes a group with CalSTRS, Trian Group does not anticipate making future filings in respect of its investment in Ingersoll-Rand.

 

Herbalife (NYSE:HLF) volatility indicates large near term price movement. Herbalife's  (NYSE:HLF) February weekly option implied volatility is at 133, March is at 108, May is at 82; compared to its 26-week average of 65 according to Track Data. This suggests large near term price movement into the expected release of Q4 results on February 26.

 

AT&T  (NYSE:T) VP critical of Dish auction tactics. AT&T (NYSE:T) VP of Federal Regulatory Joan Marsh stated in a post to a corporate blog that FCC Auction 97 represents "hard evidence that there is significant continuing interest in licensed spectrum... It didn't matter that it was mid-band spectrum. It mattered only that it was broadband spectrum." Marsh wrote that Dish (DISH) won more licenses than any other bidder though "none of that spectrum is currently supporting commercial wireless services," with her suggestion being that "auctions should be designed to ensure that licenses go to those willing to deploy networks – not speculators or stockpilers...The government should continue to place a high priority on allocating new licensed bands to the wireless industry." Marsh continues her analysis of Dish, claiming the double and triple-bidding activity carried out by its two designated entities "circumvented auction activity rules, masked actual demand and distorted the auction," as they were able to win significant allocations while enjoying a 25% small business discount.

Deprecated: Function get_magic_quotes_gpc() is deprecated in /home2/sharonox/public_html/wp-includes/formatting.php on line 1828

Deprecated: Function get_magic_quotes_gpc() is deprecated in /home2/sharonox/public_html/wp-includes/formatting.php on line 3603
By Kim Rodriguez February 23, 2015
Warning: A non-numeric value encountered in /home2/sharonox/public_html/wp-content/themes/allegro-theme-child/functions/other.php on line 93

Latest from MarketsDaily