Companies that are expected to see heavy trading on the last day of 2012 are Bristol Myers Squibb Co. (NYSE:BMY), Duff & Phelps Corp (NYSE:DUF), Brady Corp (NYSE:BRC), Amazon.com, Inc. (NASDAQ:AMZN), ConAgra Foods, Inc. (NYSE:CAG) and Resolute Energy Corp (NYSE:REN).
Bristol Myers Squibb Co. (NYSE:BMY): The drug maker announced that the USFDA has approved its anti-clotting drug that lowers the risk of heart stroke in patients suffering from atrial fibrillation, a heart rhythm disorder. Bristol-Myers Squibb was working on this drug in collaboration with Pfizer Inc. (NYSE:PFE). BMY shares jumped 1.63 percent to $32.42 in early trading.
ARK Invest is known for targeting high-growth technology companies, with one of its most recent additions being DraftKings. In an interview with Maverick's Lee Ainslie at the Robinhood Investors Conference this week, Cathie Wood of ARK Invest discussed the firm's process and updated its views on some positions, including Tesla. Q1 2021 hedge fund letters, Read More
Duff & Phelps Corp (NYSE:DUF): The investment banking firm is being acquired by a group of investors led by the private equity firm Carlyle Group LP (NASDAQ:CG). According to the terms of the deal, Duff & Phelps shareholders will receive $15.55 per share, or 19 percent premium over its closing price of $13.05 on Friday. Shares surged 19.23 percent to $15.56 in early market trading.
Brady Corp (NYSE:BRC): The company is buying Precision Dynamics Corp. from the private equity firm Water Street for $300 million. This gives Brady a stronger footprint in the vast healthcare market. Shares were almost flat at $32.73.
Amazon.com, Inc. (NASDAQ:AMZN): The online retailer announced Friday that its director, Blake Krikorian, has resigned and moved on to another firm. Shares of Amazon.com were down 0.89 percent to $243.19 in early trading.
ConAgra Foods, Inc. (NYSE:CAG): Last month, the packaged food company announced that it will fund the purchase of Ralcorp Holdings Inc. with debts. So, Standard & Poor’s has downgraded ConAgra credit ratings to the brink of junk category. Shares plunged 1 percent to $28.91 in early market trading.
Resolute Energy Corp (NYSE:REN): The oil producer is acquiring a 32 percent stake in Permian Basin oil assets for $125 million from Texas-based private parties. Resolute shares jumped slightly to $8.05 in today’s early session.