Shares of Arbitron Inc. (NYSE: ARB), a media and marketing information services firm primarily serving radio, advertisers, advertising agencies, cable and broadcast television, retailers, out-of-home media, online media, mobile media, telecommunications providers and print media, are seeing a huge rally in trading today.
At last check, ARB shares were trading 23.19% higher at $46.86 on above average volume of 6.58 million. The stock hit a 52-week high of $47.20 in trading today.
ARB shares are soaring in trading today after the company agreed to be acquired by Nielsen Holdings NV. Under the terms of the agreement, Nielsen will acquire all of the outstanding common stock of ARB for $48 per share in cash. The transaction represents a premium of around 26% to ARB’s closing price on December17, 2012.
Shares of CapitalSource Inc. (NYSE: CSE), a commercial lender providing financial products to small and middle-market businesses nationwide and providing depository products and services to consumers in southern and central California, are soaring in trading today.
At last check, CSE shares were trading 10.63% higher at $7.39 on volume of 202,676. The stock hit an intra-day high of $7.43. Despite the rally today, CSE shares have fallen more than 3% in the last three trading sessions.
Shares of Silgan Holdings Inc. (NASDAQ: SLGN), a manufacturer of metal and plastic consumer goods packaging products, are down sharply in trading today. At last check, SLGN shares were trading 4.04% lower at $42.76 on volume of 68,480. The stock hit an intra-day low of $41.75.
SLGN shares have slopped in trading today after the company said that its fourth-quarter earnings would be below forecast due to lower demand for metal food containers during the quarter. The company had forecast back in October fourth-quarter earnings of $0.58 per share to $0.63 per share.
Shares of FactSet Research Systems Inc. (NYSE: FDS), a provider of integrated financial information and analytical applications to the global investment community, have plunged in trading today. At last check, FDS shares were trading 5.49% lower at $91.10 on above average volume of 345,817. The stock hit an intra-day low of $287,842.
FDS shares have fallen sharply in trading today after the company reported its first-quarter financial results. For the quarter ended November 30, 2012, FDS reported revenue of $211.1 million, up 7.5% over the same period in the previous year. The company’s operating income for the quarter was $71.1 million, compared to $66.8 million reported for the same period in the previous year. Net income for the quarter rose 9.3% to $49.8 million.
Shares of Sanderson Farms Inc. (NASDAQ: SAFM), a poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products, are marginally higher in trading today.
At last check, SAFM shares were trading 0.58% higher at $49.99 on volume of 117,095. The stock hit an intra-day high of $50.94 in trading today.
SAFM shares are gaining in trading today after the company reported its fourth-quarter financial results. For the quarter ended October 31, 2012, SAFM reported net sales of $648.4 million, up from $559.8 million reported for the same period in the previous year. The company reported fourth-quarter net income of $9.3 million, or $0.41 per share, compared to a net loss of $21.6 million, or $0.97 per share reported for the same period in the previous year.
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