Hot and Soars Stocks: Intel Corporation (NASDAQ:INTC), YY Inc. (NASDAQ:YY), E-Commerce China Dangdang Inc. (NYSE:DANG)

April 25, 2023 10:11 pm0 commentsViews: 63

Intel Corporation’s (NASDAQ:INTC) unit, Intel Security decaled its second phase of developments to the Intel Security Partner Program to get better profitability and efficiency for distributors and resellers. The first segment of the rollout was released in October 2014 to create a flexible framework for future enhancements to the program, as distributors and resellers evolve their business models and adapt to the changing customer landscape. The president, DG Technologies, Deb Gannaway stated that their customers are changing the way they make security-related decisions and purchases. “As solutions providers, we look for a flexible program that aligns with our needs and allows us to deliver robust technology solutions to help protect our customers. Through our relationship with Intel Security, we can outfit customers with excellent protection to help offensively secure their company data and grow our business as a result.” Intel Corporation (NASDAQ:INTC) stock hit highest price at $29.89, beginning with a price of $29.72 and reported a loss of -1.93% to close at $28.93 with a day range of $28.82-$29.89. The total market capitalization remained 137.24 Billion, total volume of 46.87 Million shares held in the session was surprisingly higher than its average volume of 28895.16 shares.

Chinese video-based social network, YY Inc. (NASDAQ:YY) announced that it has obtained a takeover offer from a group led by its top executives to take the firm private. The offer allegedly values the firm at around $3.7B. The offered buy price represents a 17.4% premium to the trading price of the firm’s ADS on July 8, 2015. The buyer group currently owns about 35.7 percent of YY’s issued and outstanding shares, representing about 75.1 percent of the voting power of the company. The buyer group plans to fund the acquisition with debt and equity capital as well as rollover equity in the company. YY said its board will form a special committee comprised of independent directors, and will authorize the special committee to retain legal and financial advisors to assist it in evaluating the transaction. Shares of YY Inc. (NASDAQ:YY) traded at $59.31 by moving up 1.65% with price volatility of 8.64% for a week and 5.71% for a month.

A business-to-consumer e-commerce company in China, E-Commerce China Dangdang Inc. (NYSE:DANG) released hat its Board has received a non-binding suggestion letter, from Ms. Peggy Yu Yu, Chairwoman of the Board, and Guoqing Li, director and CEO of the firm, offeringa going-private transaction. The Buyer Group suggests to acquires all of the outstanding ordinary shares of the company not already beneficially owned by them for $7.812 in cash per American depositary share, each representing five common shares. The Buyer Group currently beneficially owns approximately 35.9% of all the issued and outstanding common shares of the company, which represent approximately 83.5% of the aggregate voting power of the company. E-Commerce China Dangdang Inc. (NYSE:DANG) stock has highest price of $7.28 in last session, beginning with a price of $7.25 and reported an advance of 3.99% to close at $6.77 with a day range of $6.70-$7.28. The stock is going forward its 52-week low with 12.46% and moving down from its 52-week high price with -58.77%.


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