During Tuesday’s current trade, StemCells Inc (NASDAQ:STEM)’s shares decline -0.46% to $0.695.
StemCells Inc (STEM) has been on the move lately as the stock has risen by 20% in the past four weeks, and it is presently trading well above its 20-Day SMA.
While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on STEM is moving in the right direction. In fact, the stock presently has a Zacks Rank #2 (Buy), suggesting that the recent run could certainly continue for this in-focus company.
StemCells, Inc., a biopharmaceutical company, researches, develops, and commercializes cell-based therapeutics and related technologies for stem cell-based research and drug discovery and development. It engages in clinical development of its platform technology, HuCNS-SC, a purified human neural stem cells used as a potential treatment for disorders of the central nervous system.
Prudential Financial Inc (NYSE:PRU)‘s shares gain 0.30% to $88.85, during the current trading session Tuesday’s, hitting its highest level.
Prudential Financial Inc (PRU) declared that Sandra Pianalto has been elected to the company’s Board of Directors as an independent director, effective July 1, 2015.
Pianalto is the former president and CEO of the Federal Reserve Bank of Cleveland, a position she held from February 2003 until May 2014.
Pianalto’s tenure at the Bank spanned more than 30 years. She joined the Bank in 1983 as an economist in the Research Department. She was designated assistant vice president of public affairs in 1984, vice president and secretary to the board of directors in 1988, and first vice president and chief operating officer in 1993. The Federal Reserve Bank of Cleveland is one of twelve regional Reserve Banks that together with the Board of Governors in Washington, D.C., comprise the Federal Reserve System, the central bank of the United States. The Cleveland Reserve Bank, which comprises branch offices in Cincinnati and Pittsburgh, serves the Fourth Federal Reserve District (Ohio, western Pennsylvania, the northern panhandle of West Virginia, and eastern Kentucky).
In July 2014, Pianalto became an Executive-in-Residence in the College of Business at the University of Akron, where she provides instruction on the topics of monetary policy, banking and leadership.
Prudential Financial, Inc. provides insurance, investment administration, and other financial products and services to individual and institutional customers in the United States and internationally. The company principally offers life insurance, annuities, retirement-related services, mutual funds, and investment administration products.
In a afternoon trade, GameStop Corp. (NYSE:GME)‘s shares plunge -0.66% to $42.25.
GameStop Corp. (GME), a family of specialty retail brands that makes the most popular technologies affordable and simple, and Geeknet, Inc. (Nasdaq: GKNT) (“Geeknet”), the parent company of ThinkGeek and ThinkGeek Solutions, recently declared they have reached a definitive agreement under which GameStop will acquire all of the outstanding shares of Geeknet’s common stock for $20.00 per share in cash. The transaction has been approved by the board of directors of both companies and will be accomplished by means of a tender offer. The transaction has a total equity value of about $140 million, counting $37 million of cash and cash equivalents as of March 31, 2015.
Geeknet also declared that it had terminated its formerly declared merger agreement with Hot Topic, Inc. (“Hot Topic”). Following talk aboution with both GameStop and Hot Topic, the Board of Directors of Geeknet determined that the GameStop transaction represented a superior proposal. Geeknet will pay Hot Topic a termination fee following the Hot Topic agreement, for which GameStop has agreed to reimburse Geeknet.
GameStop Corp. operates as a multichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, counting downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software.
American Capital Ltd. (NASDAQ:ACAS), during its Tuesday’s current trading session -0.36% loss and closed at $13.97.
American Capital Ltd. (ACAS) declared that it acted as sole lender and second lien agent on a $51 million second lien financing to support the acquisition of Compusearch Software Systems, Inc. (“Compusearch”) by ABRY Partners. Compusearch is the leading provider of acquisition and program administration software to federal agencies, Department of Defense program offices and government contractors.
Headquartered in Dulles, VA, Compusearch provides software and services that advance commerce and partnership among government agencies and contractors. Compusearch’s PRISM™ software is fully compliant with Federal Acquisition Regulations and is the contract writing system for defense, intelligence and civilian agencies. PRISM™ automates requisition and solicitation generation, competitive bid evaluation, award generation, contract administration, administration reporting, and contract closeout and archiving, and also significantly speeds up compliance with the complex bidding rules for federal contracts. Compusearch’s software solutions also comprise TopVue™ for program execution and deliverable support and SpectrumCLM™ for Government Contractor’s Contract Lifecycle Administration (CLM) processes.
American Capital, Ltd. is a private equity and venture capital firm specializing in administration and employee buyouts, subordinated debt, leveraged finance, mezzanine, acquisition, recapitalization, middle market, early venture, mature, industry consolidation, and growth capital investments.
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