On Thursday, Shares of Vipshop Holdings Limited (NYSE:VIPS), lost -2.75% to $24.79, after litigation firm Milberg LLP declared it has filed a class action lawsuit against the China-based online retailer, which claims that the company and some of its officers violated securities law by “disseminating false and misleading statements to the investing public.”
The suit was filed in the U.S. District Court for the Southern District of New York. The stock is trading on heavy volume and so far recently, 23.23 million shares of Vipshop Holdings have exchanged hands as contrast to its average daily volume of 6.94 million shares.
Milberg is bringing the suit on behalf of purchasers of Vipshop securities for the period between February 17, 2015 and May 11, 2015.
Vipshop Holdings Limited, through its auxiliaries, operates as an online discount retailer for various brands in the People’s Republic of China. It offers a range of branded products, counting women’s apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories comprising of belts, jewelry, watches, and glasses for women and men.
Shares of SunEdison, Inc. (NYSE:SUNE), inclined 0.68% to $29.45, during its last trading session, hitting its highest level.
SunEdison, declared that it has been awarded contracts to build 33 megawatts (MW) DC of rooftop solar with Southern California Edison (SCE) in the utility company’s latest round of solar procurement. The solar systems will be built on rooftops throughout the Orange County and Inland Empire industrial corridors as part of SCE’s plan to upgrade and modernize the grid for customers in densely populated metro areas and reduce power interruptions during periods of peak demand. The agreements were awarded to SunEdison during SCE’s fourth request for offers under the utility company’s Solar Photovoltaic Program. SunEdison is the only company to win projects in all four rounds of the program.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
At the end of Thursday’s trade, Shares of Zoetis Inc. (NYSE:ZTS), gained 1.10% to $47.80.
Zoetis, will take part in the William Blair 35th Annual Growth Stock Conference on Wednesday, June 10, in Chicago, Ill. Juan Ramón Alaix, Chief Executive Officer, will represent the company and respond to questions from analysts. He is planned to present at 3:40 p.m. (EDT).
Zoetis Inc. engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals worldwide. The company operates through four segments: the United States; Europe/Africa/Middle East; Canada/Latin America; and Asia/Pacific.
Finally, Prologis, Inc. (NYSE:PLD), ended its last trade with -1.03% loss, and closed at $40.33.
Prologis, declared it has received commitments for more than ¥55 billion (about $455 million) unsecured senior term loan facility.
The yen-denominated facility will mature in 2022. As of May 21, 2015, the weighted average interest rate would be about 1.2% based on Japanese LIBOR plus 110 basis points at the company’s current credit rating. The facility is predictable to close in June and is subject to customary closing conditions.
The facility will be the company’s third noteworthy capital markets transaction since its April 2015 declaration of a definitive agreement to acquire the assets of KTR Capital Partners and its associates. The cumulative principal amount of the three financing transactions will total more than $2.2 billion with a weighted average rate of about 1.3% under the applicable LIBOR rates as of May 21, 2015 and a weighted average term of 4.8 years assuming the exercise of extensions at Prologis’ option.
Prologis Inc. is an independent equity real estate investment trust. It invests in the real estate markets across the globe. The firm engages in the ownership, development, administration, and leasing of industrial distribution and retail properties. It was formerly known as Security Capital Investment Trust.
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